Monthly Archives: November 2020

//November

Beware of New Text Scam Related to Stimulus Payments

Article Highlights: New Clever Scammer SchemeUses Economic Impact Payments as BaitThe Text MessageHow to Report a ScamHow to Correctly Provide Information to Claim a Payment The IRS has warned taxpayers of a clever scheme by internet scammers to dupe taxpayers into revealing their bank account information under the guise of receiving the $1,200 Economic Impact [...]

By |2020-11-20T21:50:19+00:00November 20th, 2020|Categories: Uncategorized|0 Comments

Renting Your Home or Vacation Home for Short Periods

Article Highlights: Airbnb, VRBO, and HomeAwayRented for Fewer than 15 Days During the YearThe 7-day and 30-day RulesExceptions to the 30-Day RuleSchedule C Reporting Many taxpayers rent out their first or second homes without considering tax consequences. Some of these rules can be beneficial, while others can be very detrimental. If you rent your home [...]

By |2020-11-11T00:54:28+00:00November 11th, 2020|Categories: Uncategorized|0 Comments

Tax Law Changes Allow Year-End Charitable Planning Opportunities

As the end of the tax year approaches, it is worth spending a few minutes reviewing some of the changes that have been made in the tax laws surrounding donations to charities. In some cases, this guide will serve as a refresher regarding revisions made over the last few years, while in other cases there [...]

By |2020-11-06T00:28:46+00:00November 6th, 2020|Categories: Uncategorized|0 Comments