Untracht Early’s business tax professionals provide tax filing tips to help businesses effectively file their tax returns and opportunities to reduce their income tax liability for the 2020 tax year.
Business tax filing tips in this video include:
1 – Capital Accounts Reporting Changes for Partnerships 0:08
2 –The CARES Act Removes Limitation Excess Business Losses for Non-Corporate Taxpayers 0:55
3 – The CARES Act impact on Net Operating Loss Carrybacks 1:26
4 – SALT Cap Workaround via IRS Notice 2020-75 2:33
If you have questions on how these filing tips impact your specific tax filing situation please contact your Untracht Early advisor.