Many small businesses likely will have losses for 2020. After the COVID-19 subsides, there may be some bounce back in business, but it probably won’t ...

Additional Supplement to J.K. Lasser’s Your Income Tax 2020; J.K. Lasser’s Small Business Taxes 2020; and J.K. Lasser’s 1001 Deductions and Tax Breaks 2020 The ...

This blog is solely focused on what the CARES Act provides for small businesses. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was ...

ALERT:  Updated as of April 10, 2020 -- see IR-2020-66 at IRS.gov In an ongoing series of moves, the IRS and Congress are working to ...

With the dramatic cut in the corporate tax rate to 21% by the Tax Cuts and Jobs Act, there’s been some increased interest in operating ...

NOTE: The due dates have been updated since the original publishing date. The April 15 due date for individuals and corporations is now July 15, ...

As an employer, you are required to withhold from an employee’s paycheck federal (and where applicable, state) income taxes, as well as the employee’s share ...

If you’re owed a tax refund related to a tax return filed for a previous year, the IRS isn’t going to automatically send it to ...

The tax law is not static. Since the publication of this book, Congress has enacted a massive spending measure—the Further Consolidated Appropriations Act, 2020. Part ...

When you’re in business, you kind of assume that all of your expenses are fully deductible. But this assumption is wrong. The tax law imposes ...