We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. We want to update you on the [...]
With the recent announcement that both the tax payment deadline and now the tax filing deadline have been moved to July 15th, 2020 we wanted to give you an update on how this will affect the preparation of your 2019 income tax return. We will remain in operation for essential business functions, and we will [...]
Congress has passed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (the Disaster Act) as part of the Further Consolidated Appropriations Act, 2020. The Disaster Act retroactively extends over 30 Code provisions (including the mortgage insurance premium deduction and the 7.5%-of-AGI medical expense deduction floor), generally through 2020. In addition, the Disaster Act [...]
