Although the deadline for filing 2019 taxes may have just passed in July, it's already time to think about your 2020 taxes. By looking at your tax situation now, you’ll be able to better plan and implement strategies to minimize your future tax liabilities.
If you donate to charitable organizations, you might want to consider establishing a donor-advised fund. A donor-advised fund is a charitable tax-saving tool that enables you to maintain a certain level of control over how funds are distributed while receiving immediate tax benefits.
Tax Court ruled rejected e-filing triggered three-year limitation statute despite omission of taxpayer’s personal identification number.
Tax Alert: IRS Extends More Tax Deadlines with Respect to Certain Federal Tax Returns and Federal Tax Payments
The IRS issued Notice 2020-23 which extends more tax deadlines to cover individuals, estates, corporations, and others. This extension includes [...]