Day: November 16, 2020

It’s a tough year for year-end tax planning Advisers face the difficult task of helping clients plan for next year without knowing for certain which party will control the Senate. By Dave Strausfeld, J.D.botheither November 16, 2020 Performing year-end tax planning this year is going to be “very, very difficult,” Bob Keebler, CPA/PFS, said in … Read more

Here’s who qualifies for the employee business expense deduction   IRS Tax Tip 2020-155, November 16, 2020 Employee business expenses can be deducted as an adjustment to income only for specific employment categories and eligible educators. Taxpayers can no longer claim unreimbursed employee expenses as miscellaneous itemized deductions, unless they are a qualified employee or … Read more