Federal Tax Updates

Timely analysis of federal tax law changes, guidance, and developments affecting practitioners.

RMDs – Round 2

Welcome back M.O.U.S.E.(rs)! If you don’t know why I’m calling you a M.O.U.S.E, see my blog of November 15. It appears this most recent offering caused a lot of discussions,…

RMD…QCD…M.O.U.S.E.

RMD… QCD… M.O.U.S.E. Remember that tune? I want to take this week’s offering to make a M.O.U.S.E. out of each of you! M.O.U.S.E., you say. Why M.O.U.S.E.? In my twisted…

The WOTC Benefits Employers and the Unemployed

The WOTC Benefits Employers and the Unemployed When traveling from our beautiful campus here in Urbana Illinois to my local abode, I’ve come to notice people camped out along Interstate…

Excluded Debt Forgiveness Bites Back Earlier than Expected

Excluded Debt Forgiveness Bites Back Earlier than Expected Now that the tax extension deadline is behind us, we can focus on sharpening the saw, figuratively speaking. It’s not often that…

Filing 2020 Returns: Help for Clients Who Took Early Distributions from IRAs or Qualified Plans

Filing 2020 Returns: Help for Clients Who Took Early Distributions from IRAs or Qualified Plans This week’s entry is a continuation of my effort to provide you with some last-minute…

2020 Net Operating Losses – Days of Future Past?

2020 Net Operating Losses – Days of Future Past? For the many thousands of you (ok, you know who you are), who follow my weekly offerings, you likely have noticed…