Article Highlights: Earned Income Tax Credit Refundable Tax Credit Qualifications Special Rule for Military The EITC is for people who work but have lower incomes. If […]
Article Highlights: General statute is 3 years Some states are longer Fraud, failure to file and other issues can extend the statute Records to dump Record […]
Article Highlights: Repercussions of Incorrect Tax Returns Filing Amended Returns Statute of Limitations for Refunds Potential of Audit It is not uncommon to discover that an […]
Some Are Being Mistaken as Junk Mail and Thrown Out Article Highlights: Junk Mail Stimulus Payment Debit Card If you are like most Americans, you receive […]
Article Highlights: Charitable Contributions Business-Related Charitable Contributions Charitable Pass-Through Deductions 20% Business Pass-Through Deduction Charitable contributions are generally allowed as part of an individual’s itemized […]
Article Highlights: Loan Forgiveness Confusion Covered Period Extended Loan Maturity Extended Limit on Expenses other than Payroll Reduced Exemptions for Those Unable to Rehire or Replace […]
Article Highlights: Appropriations Act of 2020 Children’s Tax-Filing Requirements Two Methods for 2018 and 2019 Amendment Possibility for a Dependent Child Standard Deduction Wages Self-employment Income […]
Article Highlights Qualified Charitable Distributions (QCDs) Required Minimum Distribution Age Limit Repealed for Traditional IRA Contributions Coordination of QCDs and Deducted Traditional IRA Contributions Ever since […]