2020 tax Tag

(authored by RSM US LLP) With the election approaching, RSM is looking at the economic stakes and the key issues for various industries....

Authored by the Internal Revenue Service: IR-2020-183, August 18, 2020 This week the IRS will send interest payments to about 13.9 million individual taxpayers who timely filed their 2019 federal income...

Article Highlights: Keeping home improvement records Home gain exclusion amounts Records may be required to avoid tax   Individuals who meet the 2-out-of-5-year use and ownership tests can exclude up to $250,000...

Article Highlights: Away-from-home travel Lodging and meals Entertaining for charity Automobile travel Uniforms Substantiation requirements   If you volunteered your time for a charity or governmental entity during the COVID-19 pandemic,...