Cancellation of Debt

In most cases, taxable income is a fairly straightforward figure to calculate. Typical sources of income – such as wages, self-employment, interest, or dividends – are reflected as cash that…

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Tax Insights – April 2020

Tax Notes The IRS advised that high deductible health plans (HDHPs) can cover the costs for testing and treatment of COVID-19 without losing their status as an HDHP. As we…

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A Guide to Record Retention

Just how long should you keep your tax records and receipts? This question is one of the most common, especially around tax time, because let's face it: keeping your records…

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