Why Pay Estimated Tax To avoid interest and penalties, you must make sufficient federal and state income tax payments long before your April filing deadline
Category: Tax Update
September 2018 Tax Newsletter
Tax Notes If you own a pass-through entity such as a partnership, S corporation, LLC or sole proprietorship, look for information soon about the Qualified
State and Local Income Taxes (SALT) and Charitable Contributions
IR-2018-172 Treasury, IRS issue proposed regulations on charitable contributions and state and local tax credits WASHINGTON — The U.S. Department of the Treasury and the
Qualifying Relative and Exemption Amount
IRS issues notice with guidance Notice 2018-70 clarifies the definition of who is a “qualifying relative” for purposes of the new $500 credit for dependents
2018 Taxes Affected by TCJA 2017 Tax Reform
Tax Reform 101 The Tax Cuts and Jobs Act of 2017 officially starts affecting tax returns Jan 1, 2018, so your taxes next January will
August 2018 Tax Newsletter
Tax Notes The Tax Cuts and Jobs Act raised the Child Tax Credit from $1,000 to $2,000. Of this, up to $1,400 can be a
Tax Deadline Extended to April 18th
IRS gives taxpayers one more day to file after payment site crashes, The IRS will give last-minute filers additional time to file and pay their
Updated 2018 IRS Withholding Calculator for W-4
The Internal Revenue Service (IRS) has finally released an updated Withholding Calculator which reflects changes under the new tax law. You can find the new withholding
Three Popular Tax Benefits Retroactively Renewed for 2017; IRS Ready to Accept Returns
The IRS announced on February 22 that its processing systems have been reprogrammed to handle the three benefits most likely to be claimed on returns filed early in the
2017 Business Tax Return Due Dates
Tax Return Due Dates for Business Types Taxpayers should be aware of the following dates and deadlines that pertain to their business.