Here’s some important news you should know now… Due to the impact of the COVID-19 pandemic, the IRS has issued guidance that allows you to postpone almost all tax-related actions for several months! The tremendous financial relief the IRS has granted, helps you with tax-return filing deadlines, tax-payment deadlines, and deadlines for hundreds of time-sensitive actions you … [Read more...]
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Making Smart Selections from the COVID-19 Tax-Relief Buffet
As you know, the government is spending trillions of dollars to help you and your small businesses stay in business. What you may not know is that you have to be very careful when choosing the right form of financial assistance. Why? Because there’s a buffet of tax-relief offerings to choose from. And some of them conflict with other federal relief measures that might … [Read more...]
COVID-19: Tax Season Delayed Until July 15—Wait or File Now?
___________________________________________________________I hope this issue of the Tax Reduction Letter finds you and your family in good health. Warmest good wishes at this difficult time from all of us at the Bradford Tax Institute.___________________________________________________________ Because the COVID-19 pandemic has shut down so many businesses, the IRS postponed … [Read more...]
Husband-Wife Partnerships: Three Tax-Saving Strategies—Part 2
___________________________________________________________I hope this issue of the Tax Reduction Letter finds you and your family in good health. Warmest good wishes at this difficult time from all of us at the Bradford Tax Institute.___________________________________________________________ In Part #1 of our article titled Husband-Wife Partnerships-The Tax Angles, we … [Read more...]
COVID-19: CARES Act Allows $100,000 Tax-Free IRA Grab and Repay
___________________________________________________________I hope this issue of the Tax Reduction Letter finds you and your family in good health. Warmest good wishes at this difficult time from all of us at the Bradford Tax Institute.___________________________________________________________ As we all know too well, the COVID-19 virus has had a devastating impact on our … [Read more...]