What Papers Do You Need To Save?

Sometimes it feels good to get rid of clutter. Cleaning out papers we have kept for years is a good project. But there are some guidelines to be aware of before you put a pile of papers on the scrap heap. Individual circumstances guide the exact documents that should...

Federal Tax Date Postponed to May 17

The filing date for the federal income tax has been postponed until May 17. The IRS has announced that individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest,...

American Rescue Plan Act of 2021 (HR 1319)

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law to provide financial relief to individuals and businesses.  ARPA includes a number of tax provisions that may have implications for taxpayers in 2020 and beyond. ...