Congress recently passed, and the President signed into law, the Setting Every Community Up forRetirement Enhancement Act (SECURE Act), landmark legislation that may affect how you plan for your retirement. Many of the provisions go into effect in 2020, which means now is the time to consider how these new rules may affect your tax […]

Under a de minimis rule, if a home is rented for less than 15 days a year, the owner can’t deduct any of the rental expenses, but isn’t taxed on any of the rental income. If an individual, trust, estate, partnership or S corporation owns a vacation home or a dwelling unit and uses it for both […]

September 30, 2020 is the end of the registration period for certain persons who receive federal benefits (e.g., Social Security benefits) but who didn’t already receive the $500-per-child portion of the COVID-19-related economic impact payment (EIP).  To facilitate the payment of EIPs, IRS created a new on-line tool that “non-filers” can use to register for […]