Newsletter November 1,2020

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Charitable Contribution Deduction Limits Increased for 2020

November 1, 2020

As part of the U.S. Treasury’s COVID-19 (coronavirus) relief programs for taxpayers, the IRS has made temporary changes to the rules for deducting charitable contributions on federal tax returns. These changes may allow you to …

Tax Tip: IRS Sending Interest Payments to Some 2019 Refund Recipients

November 1, 2020

Over 13 million taxpayers who have received or will receive federal income tax refunds for 2019 will also receive an interest payment from the IRS. The 2019 filing and payment deadline change from April 15 …

Upcoming Tax Deadlines

November 1, 2020

November Day 02 Certain Small Employers – Certain small employers. Deposit any undeposited tax if your tax liability is $2,500 or more for 2020 but less than $2,500 for the third quarter. 02 Employers – Federal unemployment tax. Deposit the …