Tax deductions

BKD CPAs & Advisors premiered “The Missing Deduction,” a 30-minute video featuring plenty of esoteric tax jokes.

This notice and the expected regulations to follow could add to the movement to repeal or modify the cap.

The provision could amount to $120 billion in write-offs.

A critical PPP deduction, tax extenders, business meal deductions and more are among the critical points.

Taxpayers still have the option to calculate the actual costs of using their vehicle.

Small business owners who got Paycheck Protection Program loans could qualify for big write-offs from their rescue money, amounting to what Treasury Secretary Steven Mnuchin has called a tax-break “double dip.”

The Internal Revenue Service is beefing up its controls to safeguard against improper self-employed retirement deductions, according to a new report.

Here are some obvious and not-so-obvious year-end tax tips to consider as we prepare ourselves and our clients for the new year.

The twin dynamics of expiring relief and a transition to a new presidential administration are making the end of 2020 a turbo-charged version of the usual rush to lock in tax reductions.

The new rules clarify deduction issues impacted by the Tax Cuts and Jobs Act.