Forget about it being your best shot at a medical deduction this year—it could be your last shot, depending on your personal situation. It all has to do with the threshold for deducting medical expenses.
The Internal Revenue Service, state tax agencies and the tax industry have announced an improved feature that will be available on all 2021 online tax preparation products.
In the wake of the 2020 election, many expect that the Biden administration will seek to engage Congress to enact new tax legislation in order to raise revenue to pay the costs associated with the pandemic and other government programs.
Most Americans who are expecting an income tax refund receive it by direct deposit in as little as 2 weeks, although it can take longer during the peak of the filing season, which starts in late March. So it's a good idea to e-file your tax return as ...
In addition, the Summit partners note these security measures include mobile phones – an area that people sometimes can overlook. Thieves have become more adept at compromising mobile phones. Phone users also are more prone to open a ...
Global tax software leader Sovos has announced that its Global Tax Determination version 8.8 solution has achieved SAP certification as integrated with SAP S/4HANA and SAP S/4HANA Cloud. The integration helps organizations that use SAP S/4HANA 1909 and SAP S/4HANA Cloud, extended edition, run their enterprise resource planning (ERP) on-premise or hosted by SAP. As […]
The CARES Act includes several temporary tax changes helping charities, including the special $300 deduction designed especially for people who choose to take the standard deduction, rather than itemizing their deductions.
Marcum LLP has released its 2020 Year-End Tax Guide, reviewing the impacts of the COVID-19 pandemic on individual and business taxpayers and outlining tax strategies for consideration before the end of this year and looking ahead to 2021. The 88-page report’s nearly two dozen articles cover topics ranging from the Paycheck Protection Program and gift […]