IRS Extends COVID-19 Relief Leave Donations
As part of the emergency disaster declaration made by President Trump on March 13, 2020, it became possible for employees to donate their unused paid …
Tax Central
Contemplating Refinancing Your Home Mortgage? Things You Should Consider
With home mortgage rates at historic lows, it may be appropriate for you to consider refinancing your current mortgage. However, refinancing may not a…
Tax Rules for Home Flippers
With mortgage interest rates low, flipping real estate appears to be on the rise. This activity is even the theme of several popular reality TV shows….
Video tip: How Long Should You Keep Old Tax Records?
This is a common question: How long must taxpayers keep copies of their income tax returns and supporting documents? Watch this video for an overview.
Day Care Providers Enjoy Special Tax Benefits
A taxpayer who is in the business of providing family day care in their home may deduct the ordinary and necessary expenses of their business. The two…
The Treasury Green Book of Biden Proposed Tax Changes
The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget, which includes a general explanation of the administration…
Video tips: Different Tax Treatments for House Flippers
Planning on flipping houses? Make sure to learn about the tax treatments of dealers, investors, and homeowners. Check out this helpful video for a quick summary of what you should know.
The IRS is Resuming Collection & Enforcement Activities That Were Paused During COVID-19
The IRS is reporting that it is resuming “certain collection and enforcement processes that had been suspended because of the coronavirus pandem…
Tax Deductions Related to Charity Auctions
It is common practice for charities to hold auction events where attendees will bid upon and purchase items. The questions often arise whether (1) the…
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