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IRS Allows Unemployment Compensation To Be Excluded From AGI On 2020 Taxes

As we all know, the pandemic hit some individuals and families much harder than others. While unemployment compensation helped in many cases, it certainly did not cover all expenses for some, and […] Read More


The IRS Resisted But Finally Gave In And Extended The Filing Deadline

“Resistance is futile!” This line that was made famous in the movie Star Trek: First Contact is one that is applicable to the IRS this tax season. They tried to resist the […] Read More


The Gig Could Be Up For Some Gig Workers

The gig economy may soon lose its appeal for some gig workers as soon as they get wind that the IRS is out to dig deeper into their earnings. A new bill […] Read More


Get Ready To Breathe Again As Third Stimulus Check May Be Imminent

If you’ve been holding your breath waiting and hoping for a third stimulus payment, you may be able to breathe a sigh of relief again very soon. The details of a possible […] Read More


This Tax Season Keep Singing, “I Will Survive, I Know I’ll Stay Alive”

2020 – What a year it was! And, while we are happy to have it be over, the 2020 tax filing season promises to be just as chaotic and confusing thanks to […] Read More


No Deduction Denied

With the 2020 tax season bearing down upon us, the Internal Revenue Service has issued some good news for small business owners who received PPP Loans under the 2020 Cares Act. In […] Read More


T’is The Holiday Scam Season And A Covid-19 Scam Tops The List

Be very careful as we move deeper into the holiday season. On top of the pandemic, unemployment, and economic insecurity, the last thing anyone needs is to be scammed out of important […] Read More


A Time To Be Thankful

Boy, oh boy, what a year this has been. Everyone who is still above ground has much to be thankful for this Thanksgiving season. Honestly, for those of us in the central […] Read More


COVID Continuation Inspires IRS To Expand Tax Resolution Options

Earlier this year, in fact right before tax season, when COVID-19 caused the entire country to shut down, the IRS knew right away that many taxpayers were going to have trouble meeting […] Read More


Now Everyone Gets To See How The Wealthiest “Legally” Avoid Paying Taxes

The entire country has been waiting to see if the President would turn over his tax returns. Now, nearing the end of his term, he has turned them over. It has been […] Read More