Tax

Greg Engel is anticipating another year of tumultuous changes as clients deal with the coronavirus pandemic and new policies from the incoming Biden administration.

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 holiday season reminds us to savor time with family and friends, because with the new year, the tax season jumpstarts.

The House and Senate are set to vote Monday on $900 billion in pandemic relief aimed at boosting the U.S. economy into the early spring, combined with $1.4 trillion to fund regular government operations for the rest of the fiscal year.

There are still a few things your clients should know and do now, well before they ever need to file a claim.

The president-elect believes efforts to use his son as a political cudgel amounted to “foul play” amid a federal investigation into Hunter Biden’s tax matters and Republican calls for a special counsel investigation into his foreign dealings.

Folded; they didn’t need to know; sentence guaranteed; and other highlights of recent tax cases.

The leaders of the Finance Committee sent a letter asking for a briefing on whether taxpayer files were breached in the cyber attacks.

Fewer DIY taxpayers, an overwhelmed IRS and other likely features of the upcoming filing season.

Among other things, an evenly divided Senate represents a significant hurdle.