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Day: August 20, 2020

Ask The Taxgirl: Changes In Tax Rates After A Presidential Election

Ask The Taxgirl: Changes In Tax Rates After A Presidential Election

Kelly Phillips ErbAugust 20, 2020August 20, 2020

Taxpayer asks: Are tax rates locked in at start of year ?? I’d like to do a Roth conversion in early Jan 2021.  Can I

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Taxes From A To Z 2020: X Is For X Tax

Taxes From A To Z 2020: X Is For X Tax

Kelly Phillips ErbAugust 20, 2020August 20, 2020

It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office

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What’s New On Form 1040 For 2020

What’s New On Form 1040 For 2020

Kelly Phillips ErbAugust 20, 2020November 19, 2020

The Internal Revenue Service (IRS) has released a draft of Form 1040, U.S. Individual Income Tax Return. There are several notable changes to the form proposed for

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IRS Green Lights Electronic Filing For Amended Tax Returns

IRS Green Lights Electronic Filing For Amended Tax Returns

Kelly Phillips ErbAugust 20, 2020November 19, 2020

After weeks of waiting, tax professionals and taxpayers finally got the word from the Internal Revenue Service (IRS): amended returns can now be electronically filed. In May,

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