In November 2020, the IRS announced several procedural changes for collections that are aimed to help taxpayers who may be impacted by the ongoing pandemic.
McLaughlin Legal, APC is pleased to announce that its founder and managing partner, Kevan McLaughlin, will be an ethics panelists during the California Lawyers Associations 7th Annual Young Tax Lawyers Conference.
President Biden and his administration recently requested a $1.2 billion increase in funding for the IRS for Fiscal Year 2022. What does that mean for you?
Worried about the new 2020 Form 1040 question: did you acquire virtual or crypto currencies? Learn more.
Doing an Estate Plan Yourself May Seem Like an Easy, Cost-Effective Alternative to Hiring a Lawyer. But Beware. There are Real Hazards in a Do-it-Yourself Estate Plan.
Your will is a key part of your overall estate plan, but it has some limitations. So, what can’t you do with a will?
5 Estate Planning Myths
Have a vacation home that you inherited? Wonder what the tax implications may be?
A new administration usually means that tax code changes are coming. While it remains unclear exactly what tax changes President Biden’s administration will usher in, two possibilities are that he will propose lowering the estate tax exemption and eliminating the stepped-up basis on death. The first would affect only multi-millionaires, but the second could have an impact on more modest estates and their heirs.
Receive a PPP loan that was forgiven? Worried about deducting expenses? Congress may have given you the answer.