Kutchins, Robbins & Diamond, Ltd. Certified Public Accountants and Advisors

Archive for the ‘Tax – Business’ Category

IRS News: CP59 Notices

Earlier this month, the IRS issued notices to about 260,000 taxpayers, stating they haven’t filed their 2019 federal tax return. The IRS refers to these notices as CP59 notices. They are issued yearly to taxpayers who haven’t filed their tax returns from the prior calendar year (Tax Year 2019).

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New Podcast: Preparing a Business for Sale

If you plan on selling your business, this podcast is for you.

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Consolidated Appropriations Act, 2021: Enhanced Deduction for Business Meal Expenses

After long negotiations and delay, the President signed the Consolidated Appropriations Act, 2021 on December 27, 2020. In an effort to shore up the dining industry, the relief legislation includes a temporary return of the business deduction for meals.

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