IRS Extends Individual Tax Filing Deadline to May 17 & RMDs Return in 2021
Individuals who owe on their 2020 returns can postpone their payments until May 17 without penalties and interest, regardless of the amount owed.
Understanding Coronavirus-Related Distribution and Repayment Options
Ed Zurndorfer explains coronavirus-related distribution income inclusion and repayment options
What Some Employees and Annuitants Will Not See on Their 2020 1099-R Forms
This column explains why what appears to be an incorrect 2020 Form 1099-R is in fact correct.
Understanding the Tax Consequences of Selling One’s Personal Home: Part II
This is the second FEDZONE column discussing the tax consequences of selling one’s personal residence.
Understanding the Tax Consequences of Selling One’s Personal Home: Part I
This is the first of two FEDZONE columns discussing the tax consequences of selling one’s personal residence.
Understanding the Tax Reporting Rules of Capital Gains and Losses
Ed Zurndorfer explains the tax reporting rules of capital gains and losses related to investment assets
Does a Dependent Child Have to File a 2020 Federal Tax Return?
This column discusses under what conditions a dependent child has to file a 2020 federal income tax return and when a child’s income is taxed.
Five Tax Filing Statuses Available for Filing 2020 Income Tax Returns
Determining One’s Filling Status is the First Step in the Preparation of the 2020 Federal Tax Return
Required Minimum Distributions Have Returned for 2021
This column explains how RMDs will be calculated during 2021 for those individuals who are required to take them. Before presenting the general RMD calculation procedure, it is useful to…
Do You Need to Beware of the Social Security “Earnings Test”?
For Employees Born Between 1955 and 1959 and Receiving Social Security Retirement Benefits During 2021, Beware of the “Earnings Test”