by Steve Perry | Mar 31, 2020 | CARES Act, Representation, Tax Planning
This past weekend, President Trump signed the largest expenditure bill in history. HR 748, “The Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) has all sorts of benefits. Setting the politics aside, let’s look at just a few of the...
by Steve Perry | Dec 31, 2019 | Tax Planning, Tax Preparation
The President recently signed a spending bill. Contained in this bill were some very significant changes to the tax code that affect both personal and business returns and, in some situations, may justify an amended 2018 return. Among these changes include:...
by Steve Perry | Dec 16, 2019 | Representation, Tax Planning, Tax Preparation
I recently had a casual conversation with a taxpayer about filing statuses. The simplest definition of filing statuses is contained in IRS Publication 17, which states “In general, your filing status depends on whether you are considered unmarried or...
by Steve Perry | Oct 10, 2019 | Cryptocurrency, Tax Planning
Those in the cryptocurrency world have been anxiously awaiting definitive guidance regarding the taxation of virtual currency and until recently there has only been one document and it was pretty limited at best. There have been debates throughout the tax...
by Steve Perry | Sep 13, 2019 | Tax Planning
Those who make quarterly tax payments should know that a payment is due September 15. This is because of the end of the Federal fiscal year on September 30th. This is also a significant time for short-range planning. We will soon be entering the...
