Mar 8, 2018 | General Tax Information
For those just beginning their “work life”, tax preparation and planning is a new and usually frustrating experience. Below are 10 questions designed to help you prepare for a meeting with a tax consultant/professional. What is my filing status? Listed below are the...
Mar 1, 2018 | General Tax Information
A 20% deduction can be claimed by the owners of S-Corporations, Partnerships, Sole Proprietorships, and beneficiaries of trusts (all, usually, do not pay tax at the entity level). The income is passed through to the owners. IRC 199A does not usually pertain to...
Feb 27, 2018 | General Tax Information
On February 9, 2018, at the 11th hour Congress passed the budget bill and it was signed into law. In an unprecedented move, Congress extended a few tax deductions and credits to 2017 that had expired on December 31, 2016. Because there was absolutely no advanced...
Oct 21, 2016 | Business Tax, General Tax Information, Income Taxes
Individual Tax Identification Number IRS Update to CAA Rules and ITIN’s Certifying Acceptance Agents (CAA) are more in demand than ever been. However, their ability to perform the much needed service to resident taxpayers has been limited by the IRS to certifying the...
Jul 22, 2016 | General Tax Information, Income Taxes
Does your child need to file a tax return? As parents, we all try to do the responsible thing and put money away and/or create investment accounts for our children. A great thing is when the money starts making more money. Everyone likes that. As adults, we know we...
Jul 7, 2016 | Accounting, Business Advice, General Tax Information
Updated Deadlines Time constraints…who hasn’t felt the pressure of this? They’re everywhere, and there seems to be more and more of them these days. Recently, the IRS announced changes to the submission deadlines for W-2 forms and the W-3 transmittal with the Social...
