BNN Tax Snacks: Are there benefits to extending?

Spring tax deadlines are coming up fast, and many businesses and individuals are once again dealing with a complex tax situation. You may be wondering: Is there any way I can lighten the load? Today, John and Josh are discussing what it means to extend your tax return filing deadline. Listen in to learn how you or your business may benefit from filing for a tax extension. 

BNN Tax Snacks is a podcast from Baker Newman Noyes covering timely and impactful federal and state tax developments affecting our clients, friends, and other listeners. In the tax world, the impact of 2020 will be felt for quite some time. In the next several episodes of BNN Tax Snacks, you'll hear from a few of our tax specialists about business and tax topics directly related to the COVID-19 pandemic, the tax law changes it set in motion, and what those changes mean to individual taxpayers as well as businesses.

Josh and John are talking about tax planning and considerations for pass-through businesses, as well as potential impacts of the Biden proposal on these types of entities going into 2021. 

BNN Tax Snacks is a podcast from Baker Newman Noyes covering timely and impactful federal and state tax developments affecting our clients, friends, and other listeners. In the tax world, the impact of 2020 will be felt for quite some time. In the next several episodes of BNN Tax Snacks, you'll hear from a few of our tax specialists about business and tax topics directly related to the COVID-19 pandemic, the tax law changes it set in motion, and what those changes mean to individual taxpayers as well as businesses.

In this episode, Josh and John discuss planning opportunities for businesses and individuals that may have a net operating loss (NOL). They'll cover general rules for NOLs in 2020 and items to consider when planning for 2020 and beyond. 

BNN Tax Snacks is a podcast from Baker Newman Noyes covering timely and impactful federal and state tax developments affecting our clients, friends, and other listeners. In the tax world, the impact of 2020 will be felt for quite some time. In the next several episodes of BNN Tax Snacks, you'll hear from a few of our tax specialists about business and tax topics directly related to the COVID-19 pandemic, the tax law changes it set in motion, and what those changes mean to individual taxpayers as well as businesses.

Due to the state shutdowns caused by the pandemic, many individuals have transitioned to working remotely, often from states other than where their employer is based. Some individuals are choosing to relocate, temporarily or permanently, to states that they may feel are safer. What does this mean for the individual from a state tax perspective? In this episode, Merrill and Leanne discuss what individuals can do to ensure they are meeting their multi-state tax reporting obligations. 

BNN Tax Snacks is a podcast from Baker Newman Noyes covering timely and impactful federal and state tax developments affecting our clients, friends, and other listeners. As this most unusual year draws to a close, BNN Tax Snacks covers a number of topics directly related to the pandemic and the resulting tax law changes it set in motion.

2020 has brought the "work from home" environment to the forefront of our business and tax discussions. State shutdowns caused by the COVID-19 pandemic have forced many employers to close their business locations, with employees often working from states different than where their office is located. Leanne and Merrill are discussing this "new norm" and the potential state tax implications for businesses with employees now working remotely.

BNN Tax Snacks is a podcast from Baker Newman Noyes covering timely and impactful federal and state tax developments affecting our clients, friends, and other listeners. As this most unusual year draws to a close, BNN Tax Snacks covers a number of topics directly related to the pandemic and the resulting tax law changes it set in motion.

Today, we’re discussing a topic that’s been on business owners’ minds all year: the Paycheck Protection Program. As we’re approaching the end of 2020, Joe and Matt are talking about some things that borrowers in the Paycheck Protection Program (or PPP as it’s known) should be thinking about from both a tax planning perspective and from an accounting perspective.

BNN Tax Snacks is a podcast from Baker Newman Noyes covering timely and impactful federal and state tax developments affecting our clients, friends, and other listeners. As this most unusual year draws to a close, BNN Tax Snacks covers a number of topics directly related to the pandemic and the resulting tax law changes it set in motion.

2020 has certainly been a strange year! In this episode of Tax Snacks, Kim and Jim are here to chat about year-end planning for individuals, the effects of the pandemic and presidential election results on tax planning, and what's on the horizon.

BNN Tax Snacks is a podcast from Baker Newman Noyes covering timely and impactful federal and state tax developments affecting our clients, friends, and other listeners. As this most unusual year draws to a close, BNN Tax Snacks covers a number of topics directly related to the pandemic and the resulting tax law changes it set in motion.

In this episode of BNN Tax Snacks, Jean McDevitt Bullens and Jim Guarino revisit their Tax Planning Pointers mini-series to recap recent potential changes to estate and gifting strategies as a result of the changing political landscape.

BNN Tax Snacks is a podcast from Baker Newman Noyes covering timely and impactful federal and state tax developments affecting our clients, friends, and other listeners. As this most unusual year draws to a close, BNN Tax Snacks covers a number of topics directly related to the pandemic and the resulting tax law changes it set in motion.