With the CARES Act signed into law, many taxpayers are wondering if they qualify for the economic impact payment and when they can expect to receive theirs. Here are the answers to the most commonly asked questions surrounding this new stimulus incen...

On March 27, 2020, President Donald Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) into law, which is aimed at providing significant tax and non-tax stimulus to individuals and businesses. Created as a result of the CO...

Michigan Governor Gretchen Whitmer has signed an executive order extending the state tax filing and payment deadline amid the coronavirus pandemic from April 15, 2020 to July 15, 2020. This decision comes after the Internal Revenue Service pushed bac...

After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has been reached on a massive stimulus bill to address the financial and health care crisis resulting from the Coronavirus (COVI...

In response to the Department of Treasury’s decision to move the tax filing deadline to July 15, 2020, the Internal Revenue Service (IRS) issued Notice 2020-18, providing guidance on the federal filing and payment extension. Notice 2020-18 supersed...

If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules. If you qualify, you can deduct the “direct expenses” of the home office. This includes the co...

U.S. Secretary of Treasury Steven Mnuchin announced today the tax deadline for U.S. taxpayers will be extended to July 15, 2020. This was at the direction of the Trump administration in an effort to provide additional time to file and make payments w...

Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax situation. It generally depends on which filing status results in the lowest tax. But keep in mind that, if you and your sp...