Can I deduct unreimbursed employee expenses?
July 1, 2020
“My last accountant told me I can’t deduct unreimbursed employee expenses, so I didn’t keep track of them.” This is a very common comment from new Clergy Financial Resources clients, and potentially a very costly error. While the Tax Cuts and Jobs Act did remove this schedule A deduction for the majority of employees, accountants…
Estimated Payments Clarified!
July 1, 2020
When IRS first extended the filing deadline, they also extended the first estimated payment of the year. Initially they did not extend the second estimated payment, but they have since changed this, leaving a lot of taxpayers in a lot of confusion. Here are some of the most common questions about 2020 estimated payments clarified:…
