From the IRS: 401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500 WASHINGTON — The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in
Read more →From the IRS: Small business owners should find out if they can benefit from claiming this deduction The home office deduction can help small business owners save money on their taxes. Taxpayers can take this deduction when they file their taxes if they use a portion of
Read more →Our CPA firm enjoys working with a large group of Multi-Family Investors. These savvy investors are looking for proven experience in dealing with complex accounting and tax work – and that is where we come in. Our staff can log into your Resman account directly to make
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FROM THE IRS: Tax law changes in the Tax Cuts and Jobs Act affect almost everyone who itemized deductions on tax returns they filed in previous years. One of these changes is that TCJA nearly doubled the standard deduction for most taxpayers. This means that many individuals
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