A group of tax deductions and credits have been extended into 2021 and beyond, and qualifying taxpayers may want to start planning now. These tax credits and deductions can really…
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Our recent blog addressed many of the tax issues inherent in renting your vacation home on Airbnb, VRBO, or another platform. Which form to file (Schedule C or Schedule E)…
Since the pandemic, vacation rental homes have gained a significant share of the market demand. Vacation rental homes give travelers the convenience and comfort of home-like accommodations, as well as…
If the transition to remote work due to the pandemic led you to flee a high-tax state and relocate to a state with a lower cost of living, there is…
Contacting the IRS can seem like an overwhelming task. Likewise, many people feel panic when the IRS initiates contact with them directly. In order to help taxpayers identify legitimate IRS…
2020 was the year for working remotely, and one of the more prominent questions in the 2020 tax season has to do with state income taxes. The question boils down…
President Biden has signed the $1.9 trillion American Rescue Plan Act of 2021 into law, aimed at assisting millions of Americans and business owners feeling the impact of COVID-19. Not…
For many years, transactions and earnings in virtual currencies stayed off of tax returns. As the value of cryptocurrencies rose, the IRS began enforcing and clarifying cryptocurrency tax laws. The…
The December 2020 COVID-19 stimulus bill has been signed into law by the President and includes many provisions designed to help individual taxpayers continue to weather the pandemic. Among other…
Cancellation of debt is an issue that often arises around tax time and is something that every taxpayer should understand. Many people are relieved to reach the end of a…
