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October 15th Tax Deadline Approaches—With Exceptions

The IRS is reminding taxpayers about the upcoming deadline for 2020 taxes. However, certain classes of taxpayers will get even more time. Click through for the deadline and payment details for 2020 taxes.

AI and Manufacturing: The Future Is Now

For manufacturers, the future is now when it comes to adopting artificial intelligence. Manufacturing leaders already are adopting it, and those who do not are likely to be left behind in this new "revolution." Click here to read more.

Sick and Family Leave Reporting Guidance

As 2022 approaches, employers will have to account for leave wages paid in 2021 under various federal initiatives. Fortunately, the IRS has published guidance on how to do this, but it's complicated. Click through for an overview of reporting requirements.

IRS Reminds Taxpayers of Limited-Time Donation Rules

Special rules allow limited charitable deductions even for taxpayers who don't itemize, and there are other donation changes for individuals and businesses. But these benefits run out soon! Click through to learn how to take advantage of them now.

What You Don't Know About Estate Planning

Do you know what estate planning really is? Some people think it's only for the very wealthy, or that they don't have to worry about it until they're old—but those are misconceptions! Click through for the real facts on estate planning.

State and Local Tax Considerations for Remote Employees

Until the pandemic, no one could have envisioned how profoundly remote employment would affect the workplace. The rise of the hybrid office has led to some thorny tax questions. Click through for some thoughts on how tax rules apply in a remote or hybrid environment.

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Kim & Lee, LLP
2305 W. 190th St. Suite 100
Torrance, CA 90504
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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