Archive for August 2020
Have You Received a “Balance Due” Notice from the IRS?
You filed your tax return on time and paid the taxes due, yet you received a notice from the IRS. Why? By: Luci Roseman, CPA, Manager Due to the COVID-19…
Read MoreReminder: Unemployment compensation is taxable
Have tax withheld now to avoid a tax-time surprise. The Internal Revenue Service reminds people receiving unemployment compensation, many for the first time, that, by law, this compensation is taxable.…
Read MoreRollover Relief for Required Minimum Distribution
Time running out to reverse 2020 RMD and save on taxes The Coronavirus pandemic resulted in a change in the Required Minimum Distribution (RMD) for 2020. The CARES Act, the coronavirus relief…
Read MoreDelaware Division of Revenue Undergoes Tax Modernization
The State of Delaware Division of Revenue is undergoing a modernization of its tax administration systems, including its online filing and payment portal. Taxpayers and their representatives will soon be…
Read MoreUnderstanding and Applying the Home Office Deduction
By: Tina Truby, CPA, Supervisor Check out our corresponding video Recently, a client contacted us with a question. “I’m a partner in a design business and we’ve not had the…
Read MoreUnderstanding and Applying the Home Office Deduction
By: Tina Truby, CPA, Supervisor NOTE: THIS POST WAS UPDATED JAN-2024. Check out our corresponding video Recently, a client contacted us with a question. “I’m a partner in a design…
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