by Leigh J Kremer CPA | May 12, 2020 | Business, Coronavirus crisis, Individuals, Tax Preparation
I know many of you are interested in the details of the Covid-19 relief stimulus law, so I will attempt to provide some important information here: The tax rebates are an a NON-TAXABLE advance payment of a special 2020 tax credit. So you get the money now and then...
by Leigh J Kremer CPA | Apr 24, 2020 | Business, Coronavirus crisis, Individuals, Tax Preparation
I am continuing to get a large number of inquiries from clients regarding the government programs designed to help us through the current crisis and figured it might be helpful to share some information with you, as well as some new information regarding a SALT fix...
by Leigh J Kremer CPA | Mar 30, 2020 | Business, Coronavirus crisis, Individuals, Tax Preparation, Uncategorized
I hope this message find you well. I have been getting a lot of questions from clients regarding various taxpayer related issues regarding the coronavirus crisis. This message will attempt to answer those questions. The federal government has announced a relief...
by Leigh J Kremer CPA | Mar 2, 2020 | Individuals, Tax Preparation
Now that the 2020 tax season is under way I have been getting lots of questions. Here are some fast facts to help you understand the always confusing tax laws: If you received a state tax refund last year you may not have to claim it as income on your 2019 tax...
by Leigh J Kremer CPA | Jan 18, 2020 | Business, Individuals, Tax Preparation
The new year brings may changes to the tax rules: Deductions: The standard deductions that is now taken by most taxpayers has risen to $24,800 for married couples, plus $1300 for each spouse age 65 or older. Singles can now claim $12,400 and an additional $1,650 if...
by Leigh J Kremer CPA | Jan 8, 2020 | Business, Individuals, Tax Preparation
Another year has gone by and tax season has come around once again. The tax filing deadline for individuals is Wednesday, April 15, 2020. The deadlines for business filers are March 16, 2020 for partnerships and S-Corporations, and April 15, 2020 for C-Corporations. ...
