Tax Information Reporting
A refresher on information reporting, and some changes for the current filing year.
The Hobby Loss Trap, Part 2
A deeper dive into the specifics of the IRS’ hobby loss provisions.
Succession Planning
A discission on the important but often-unconsidered aspect of succession planning.
Preserving Your Legacy
A look at recent Green Book proposals and their potential effects on your legacy.
Net Operating Losses for Agriculture
An examination of NOL rules for agricultural businesses.
Depreciation’s Many Options
Understanding your depreciation options may be more critical now than ever.
CARES Act Loan Forgiveness
This article will discuss the tax issues facing those that received a loan under the CARES Act, Paycheck Protection Program (“PPP loans”) and payments under the Coronavirus Food Assistance Program (CFAP).
Management Under COVID-19
This discussion goes back to the basics of business management based on knowledge that comes from good planning and record keeping.
Options for IRS Audit Issues
Many people don’t realize that a federal tax assessment, including those for penalties and interest, is not the final word. Know your options, and you’ll be in a better position for dealing with the IRS successfully.
Recent Tax Law Changes, Part Two
Last month we covered tax law changes under the CARES Act related to wages. This article will continue to look at other recent tax law changes.
Recent Tax Law Changes, Part One
This article examines various wage-related tax law changes and savings opportunities afforded under the CARES Act.