The Coronavirus pandemic changed how we live in many ways. It also changed how we work. Many Americans shifted their workplace to their home because of the pandemic. While some did it only temporarily, others have continued working from home.…
Congress enacted the Tax Cuts and Jobs Act (“TCJA”) in 2018, which created a five-year window for taxpayers to take 100% in first-year bonus depreciation on qualifying property. The Act allows you to deduct 100% in bonus depreciation for any…
Are you yet to file your 2019 or 2020 tax returns, or did you already file them but late? Generally, the IRS imposes a late filing penalty on tax returns filed after the relevant deadline. This onerous penalty may add up…
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At Thorgood Law Firm in New York, we are IRS attorneys dedicated to bringing legal counsel to taxpayers across the United States.
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