TAXPAYER RESOURCES

With tax laws changing every year, completing your returns can be confusing and frustrating.

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Tax news and updates for individuals, families, and entrepreneurs

Our team of tax experts has the solutions to make your next filing a little easier — and that insight is just a click away. Browse our archive of tax-related posts below, and click the button to sign up for our newsletter and updates.

CARES Act adds $2 trillion to combat COVID-19 impact

Mar 27, 2020

The CARES Act will help provide more than $2 trillion in financial aid and incentives to help businesses and individuals weather the COVID-19 pandemic, and lawmakers say there could be more to come.

Coronavirus relief bill contains tax credits for employers

Mar 21, 2020

The Families First Coronavirus Response Act was signed into law as a response to the growing health and economic crises with provisions for paid sick leave and expanded unemployment benefits.

Tax filing deadline moved to July 15

Mar 20, 2020

Taxpayers now have an additional 90 days to file returns as the result of the Treasury Department’s latest step to address growing economic concerns.

Reasons married couples might want to file separately

Mar 19, 2020

In most cases, married couples who file jointly save more money on taxes than those who file separate returns. However, there are times when filing separately is a better option.

New guidance helps clear up confusion over meal and entertainment deductions

Mar 19, 2020

The Tax Cuts and Jobs Act eliminated some of the deductions for business-related meal and entertainment expenses but led to confusion. New guidance from the IRS helps address the questions.

Taxpayers will get until July 15 to pay tax bill

Mar 18, 2020

Individuals and businesses will have an extra 90 days to pay their tax bill as a result of new directives from the Treasury Department.

IRS offers tax relief for victims of Tennessee storms

Mar 8, 2020

Individual tax returns in Davidson, Putnam, and Wilson counties originally due April 15 may qualify for a July 15 deadline.

The tax aspects of selling mutual fund shares

Feb 25, 2020

The tax rules involved in selling mutual fund shares can be complex. One difficulty is that certain mutual fund transactions are treated as sales even though they might not seem like it.

Several tax limits affecting businesses have increased

Feb 24, 2020

Social Security contributions and 401(k) limits are among changes this year that will require adjustments by employers.

"We saved one client $700,000 using R&D credits — credits that the company’s previous CPA told them they were not eligble to claim. We stay on top of the latest tax laws to help clients reduce their taxes.”

Mark Patterson, KraftCPAs Tax Services

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