Parents like me could be in store for a surprise this year. The new tax law, the Tax Cuts and Jobs Act, has a few
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New Pass-Through Rules Could Add $1.3 Billion In Compliance Costs
Earlier this week, the Internal Revenue Service (IRS) issued proposed regulations for Section 199A, a key element of the Tax Cuts and Jobs Act. The section 199A
Read MoreReport: More Taxpayers Will Owe Tax In 2019
It’s 2018: Do you know what your tax rate looks like? The Tax Jobs and Cuts Act (TCJA) was signed into law last year, with
Read MoreCongress Could Make Gym Memberships Tax-Deductible
Headed to the gym this summer? You may soon be able to claim a tax benefit for the trip. The House Ways and Means Committee has advanced a bill which would grant taxpayers a break on gym memberships and fitness classes.
Read MoreA Look At The New Postcard-Sized 1040
The IRS has released an early release draft of the 2018 IRS Form 1040. Here’s a look, as well as a summary of how it’s like the current form – and how it’s different.
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New Tax Law Complicates Business Travel
As part of the Tax Cuts and Jobs Act, there have been changes to the deductibility of business-related meals and entertainment expenses. Here’s what you need to know.
Read MoreIRS Will Issue SALT Transaction Guidance
The Internal Revenue Service (IRS) has advised that it intends to propose regulations which will address attempts to re-characterize state and local tax payments following tax reform.
Read MoreIt’s Time For A Checkup On Your Taxes
Did you itemize your deductions on a Schedule A last year? If so, the Internal Revenue Service (IRS) encourages you to do a quick checkup on your taxes to avoid any nasty surprises at year end.
Read MoreNew Estimated Tax Forms For Freelancers & Taxpayers
Not sure how tax reform might affect your taxes? If you’re a freelancer or self-employed person, or a taxpayer who has needed to make estimated payments in the past, you’ll want to check out new information issued by the Internal Revenue Service (IRS).
Read MoreChart Shows How The Tax Deduction For Pass-Through Businesses Works
It’s been nearly a month since President Trump signed the new tax reform bill into law. Figuring out how the new deduction for pass-through businesses will work is challenging. Sometimes it helps to see it as an illustration. Here you go.
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