Monthly Archives: May 2020

Accountant-turned-attorney couldn’t deduct law school costs

Here we go again…Watch out when a person qualifies for a new trade or business under the education expense deduction rules! Santos, TC Memo 2016-100TC Memo 2016-100 The Tax Court has concluded that an accountant could not deduct his law … Continue reading

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IRS ADDS FAQS ABOUT “GET MY PAYMENT” ECONOMIC IMPACT PAYMENT STATUS

IRS website – Get My Payment Frequently Asked Questions (updated May 20, 2020) On its website, IRS has added to its FAQs regarding its “Get My Payment” website, which provides information about economic impact payments (EIPs) made under the Coronavirus … Continue reading

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Coronavirus Aid, Relief, and Economic Security (CARES) Act tax provisions.

Right now, your highest priority continues to be the health of those you love and yourself. You may have read an article that I recently published that summarized the Coronavirus Aid, Relief, and Economic Security (CARES) Act tax provisions. That … Continue reading

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