The Twelve Days of Taxmas – Gift Tax Exclusion
On the eighth day of Taxmas, my accountant gave to me an annual Gift Tax exclusion of $15,000.
The Twelve Days of Taxmas – Cost Segregation Studies
By Klatzkin Tax Team
On the seventh day of Taxmas, my accountant gave to me a Cost Segregation Study.
The Twelve Days of Taxmas – Qualified Business Income Deduction
On the sixth day of Taxmas, my accountant gave to me the Qualified Business Income (QBI) deduction.
The Twelve Days of Taxmas – R&D Tax Credit
On the fifth day of Taxmas, my accountant gave to me, a Research & Development (R&D) study.
The Twelve Days of Taxmas – Employee Retention Credit
On the fourth day of Taxmas, my accountant gave to me the Employee Retention Credit (ERC) and the Paid Sick Leave and Family Leave Credit.
The Twelve Days of Taxmas – Qualified Improvement Property
By Klatzkin Tax Team
On the third day of Taxmas, my accountant gave to me a technical correction to the definition of Qualified Improvement Property.
Tax Manager Michele Slocum Quoted in LegalZoom Article
Tax Manager Michele Slocum was interviewed for the LegalZoom article, “How Will Unemployment Benefits Impact Your 2020 Taxes.” In the piece, Michele comments on adjusting withholding status.
The Twelve Days of Taxmas – Section 179D
On the second day of Taxmas, my accountant gave to me an expanded bonus and Section 179 depreciation.
The Twelve Days of Taxmas – Net Operating Loss
By Klatzkin Tax Team
On the first day of Taxmas, my accountant gave to me – temporary Net Operating Loss (NOL) rules.
2020 Required Minimum Distribution: To Waive or Not To Waive
The 2020 Presidential election has come and gone. We will likely have a new president. The coronavirus is still with us and is threatening to shut down significant parts of the country.