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Tax Blog

Tips to help you prepare for tax season

The latest tax tips and news from Livingston Taxes

Guidance Explains Temporary Increase in Food and Beverage Deduction

Guidance Explains Temporary Increase in Food and Beverage Deduction

The IRS has unveiled guidance that temporarily throws open the gates to recouping 100 percent of the expense for certain food and beverage purchases. The new rules for this business deduction went into effect on Jan.1 of this year.… Read more about Guidance Explains Temporary Increase in Food and Beverage Deduction (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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Some Taxpayers in for an RRC Surprise

Some Taxpayers in for an RRC Surprise

Some taxpayers are getting a little something extra this tax season, along with claiming the 2020 Recovery Rebate Credit. The little extra is a letter from the Internal Revenue Service because some taxpayers may not be getting the amounts from the RRC they expected.… Read more about Some Taxpayers in for an RRC Surprise (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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Emergency COVID Aid to Students Deemed Not Taxable

Emergency COVID Aid to Students Deemed Not Taxable

Students and their higher-education institutions are getting a clearer picture of how to report pandemic-related emergency financial aid grants. Or not.… Read more about Emergency COVID Aid to Students Deemed Not Taxable (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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Additional Tax Deadlines Pushed Back by IRS

Additional Tax Deadlines Pushed Back by IRS

Taxpayers are getting more time to meet some tax deadlines that would normally fall on April 15, such as making IRA contributions and filling certain claims for a refund.… Read more about Additional Tax Deadlines Pushed Back by IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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