Blog
Nonprofits Need to Educate Donors About New Tax Benefits
Nonprofits Need to Educate Donors About New Tax Benefits The Consolidated Appropriations Act (CAA) enacted in December 2020 extends and modifies...
Energy-Related Tax Breaks are Added in the New Law
The massive economic stimulus and government spending law, which was signed on December 27, 2020, extends several energy-related tax breaks. Before...
Temporary Changes to the Child and Dependent Care Credit
Temporary Changes to the Child and Dependent Care Credit The American Rescue Plan Act (ARPA) includes major, but temporary, changes to the...
Vacation Home Usage has Tax Implications
Do you own a vacation home that’s classified as a rental property for tax purposes? Rental property owners may be tempted to use their rental...
Prenuptial Agreements as an Estate Planning Tool
Prenuptial agreements and domestic law vary from one state to another but nearly every state has laws that prevent one spouse from entirely...
The Tax Implications of Closing a Schedule C Business
Unfortunately, many businesses have already been forced to close their doors due to the economic fallout from COVID-19, and more will surely follow....
Which Start-Up Costs Are Deductible for Federal Tax Purposes
Many people started businesses in 2020, and many others plan to launch new ventures in 2021. Entrepreneurs often have questions about whether...
You May Be Eligible for COVID-Related Tax Breaks for 2020 if you are Self-Employed
If you’re self-employed as a sole proprietor, partner, or limited liability company (LLC) member, COVID-relief legislation passed in 2020 included...
COVID-19 Relief: An Overview of the New American Rescue Plan Act
On Thursday of last week, President Joe Biden signed the $1.9 trillion coronavirus relief package, entitled the New American Rescue Plan Act, into...