We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. In addition to the summary of IRS […]

You may be interested in the requirements for deducting business meal expenses. Unfortunately, after the Tax Cuts and Jobs Act (”TCJA,” P.L. 115-97, 12/22/2017) it’s less than clear whether business meals provided to clients and business associates are deductible. The TCJA provides that—starting Jan. 1, 2018—entertainment, amusement or recreation expenses for clients and business associates […]

Right now, your highest priority is the health of those you love and yourself. But if you have time to read about some non-medical but important matters related to the health crisis, here is a summary of IRS action already taken and federal tax legislation already enacted to ease tax compliance burdens and economic pain […]