As 2020 comes to an end, there are still a lot of uncertainties on various tax issues, including Federal treatment of PPP Loan forgiveness, State tax treatment of many provisions of the 2020 CARES act, and potential tax law changes in 2021 under a Biden administration. Year end planning may be more important than ever in light of these issues and a roller coaster performance of the broad equity markets.
Please contact your Janover professional to discuss steps you may be able to take before year end to take advantage of any potential planning opportunities.
Click here to access Janover’s Tax Planning Guide 2020-2021