Legacy Tax & Resolution Services

Category: Tax Central

Finally, The COVID Relief Package Is Law

Article Highlights Additional 2020 Recovery Rebates  Paycheck Protection Program (PPP) Loans & Small Business Support  Clarification of Tax Treatment of Covered Loan Forgiveness Expenses  Business

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What Are the Tax Advantages of Home Ownership?

Article Highlights: Historically Low Interest Rates  Purchase Costs  Points  Mortgage Payments  Refinancing  Property Taxes  Inflation  Gain Exclusion  Renting Versus Owning  Worksheet to Analyze Costs  Housing

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Tax Relief for Victims of 2020 Natural Disasters

Article Highlights: Legislation for Major Disasters  Definitions  Qualified Disaster Distributions  Re-Contributing Withdrawals for Home Purchases  Retirement Plan Loans  Loss Limitations, Revised  Relief for Non-Itemizers  Employee

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