Final Regulations and other Guidance on Business Interest Expense Deduction Limitation
Dear Clients & Friends
IRS Provides Guidance for Estates and Trusts for Itemizing Deductions
Economic Impact Payment
Resources and Links During COVID-19
IRS Extends More Tax Deadlines to Cover Individuals, Trusts, Estates Corporations and Others
Business Relief During COVID-19 Pandemic
IRS opens 2020 filing season for individual filers on Jan. 27
The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.
Making large gifts now won’t effect estates after 2025
The Treasury Department and the Internal Revenue Service today issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels.