This is a busy time of year for Diane Giordano, a partner in the tax department of the Melville office of Marcum LLP. Nevertheless, as the April 18 income tax filing date approaches, she took time to talk with us about what’s new in taxes and tax planning opportunities this year.
Under “safe harbor” provided by Revenue Procedure 2021-20, those who filed 2020 tax returns and did not deduct PPP-related expenses can do so in an amended return or on next year s tax return.