Tag Archive for: individual

Tax Saving Opportunity – Excess Business Losses

Did you know that the CARES Act temporarily suspends the excess business loss (EBL) restrictions for individuals?

Can’t pay your income taxes on time?

What happens if you (or someone you know) can’t pay taxes on time?

What qualifies as a “coronavirus-related distribution” from a retirement plan?

Have you been thinking about taking a distribution from your retirement plan? Many people have been contemplating whether they should or shouldn’t take advantage of this provision in the Coronavirus Aid, Relief and Economic Security (CARES) Act.

Tax Tips – Good records are the key to tax deductions and trouble-free IRS audits

Many of you owning small business, start- up companies or plan to start up a company during this crazy time, you may be wondering how important record keeping is to your business.