Articles of

Interest

Business Meals now 100% Deductible

January 7th, 2021
The Consolidated Appropriations Act, 2021 has made business meals 100% deductible until January 1, 2023. Entertainment is not deductible.

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IRS unviels annual "Dirty Dozen" list of tax scams for 2020

January 7th, 2021
1. Phishing 2. Fake Charities 3. Threatening Impersonator Phone Calls 4. Social Media Scams 5. EIP or Refund Theft 6. Senior Fraud 7. Scams Targeting Non-English Speakers 8. Unscrupulous Return Preparers 9. Offer in Compromise Mills 10. Fake...

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Special $300 Tax Deduction for Charitable Donations

November 25th, 2020
Most taxpayers take the standard deduction each year. This means that most taxpayers do not itemize their deductions, such as charitable donations. The CARES act allows a standard deduction taxpayer to deduct $300 as an “above-the-line”...

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