Individual Tax Planning
We have compiled a list of actions for individual tax planning to help save tax dollars before year-end.
Business Tax Planning
With year-end approaching, it is time to start thinking about business tax planning for this year and next.
Form 8938
Both the Form 8938 and FBAR forms require U.S. Persons to report Foreign Accounts to the IRS.
taxpayers
Filing a tax return during a global pandemic is proving to be an interesting feat.
deadlines
The federal income tax filing and payment due dates for the 2020 tax year for individuals will be automatically extended from April 15, 2021, to May 17, 2021.
Supplement addendum
On April 30th, the IRS issued Notice 2020-32 pertaining to the deductibility of certain otherwise deductible expenses when the taxpayer receives a Paycheck Protection Program (PPP) loan.
consolidated appropriations act
Governor Steve Bullock extended the payment and filing deadlines for 2019 individual income taxpayers to July 15 in accordance with the new federal filing deadline.
exam relief
Treasury Secretary Mnuchin announced today that C-corporations and individuals with April 15th filing deadlines now have until July 15th to file their returns.
Year-End Planning
Contrary to earlier indications, the IRS is not extending the April 15th filing deadline for C-corporations and individuals.
key PPP issues
Did you make large gifts to your children, grandchildren or other heirs last year?

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