by DunlapSLK | Mar 10, 2021 | Resources For Individual Taxpayers, Uncategorized
If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2020 income tax...
by DunlapSLK | Jan 25, 2021 | Resources For Individual Taxpayers, Uncategorized
The Consolidated Appropriations Act, 2021 (CAA), passed on December 27, 2020, provides billions of dollars in long-awaited COVID-19 and economic relief. Highlighted here are some of the provisions most likely to affect individual taxpayers. Recovery rebates The most...
by DunlapSLK | Jan 5, 2021 | Resources For Employers, Resources For Individual Taxpayers
The IRS released the optional standard mileage rates for 2021. Most taxpayers may use these rates to calculate deductible costs of operating vehicles for business, medical, and charitable purposes. The standard mileage rates for 2021 are: 56 cents per mile for...
by DunlapSLK | Dec 23, 2020 | Resources For Employers, Resources For Individual Taxpayers
Late Monday night, Congress passed a $900 billion Coronavirus relief bill. The President is expected to sign it once it reaches his desk. This bill is massive coming in at 5,593 pages. Following is a quick summary of the items most pertinent to our clients. PPP...
by DunlapSLK | Aug 31, 2020 | Resources For Employers, Resources For Individual Taxpayers
Late Friday, the IRS issued Notice 2020-65 entitled Relief with Respect to Employment Tax Deadlines Applicable to Employers Affected by the Ongoing Coronavirus (COVID-19) Disease 2019 Pandemic. This Notice provides guidance to employers on how to implement the...
by DunlapSLK | Aug 26, 2020 | Resources For Individual Taxpayers, Uncategorized
It’s hard to believe we are already over half-way through 2020. Challenged with the COVID-19 crisis we have faced the unexpected, unanticipated, and unimaginable. Navigating this pandemic has caused us all to think differently and more strategically about all aspects...
