Feb 11, 20192 minUnderpayment Penalty ReliefOn January 16, 2019, the IRS issued some relief from the penalty for underpayment of estimated income tax. Individual taxpayers who paid...
Sep 20, 20183 minCharitable Donations | Tax Reform UpdateThe “Tax Cuts and Jobs Act” of 2017 brought sweeping changes to the standard deduction and allowable itemized deductions for taxpayers...
Aug 6, 20182 minStandard Deduction & Itemized Deductions | Tax Reform UpdateThe Tax Cuts and Jobs Act brought significant changes to many individual tax regulations, including those dealing with the standard...
Jul 30, 20181 minMoving Expenses | Tax Reform UpdatePrior to 2018, employees were able to take a deduction from their gross income on qualified moving expenses. The employee needed to meet...
Jun 21, 20182 minNOL Deduction LimitedAs a business owner we don’t plan to generate a loss, but due unexpected customer loss, taking advantage of generous tax depreciation rules
May 24, 20181 minPotential Tax Savings for Businesses | Tax Reform UpdateIncreased deductions for bonus depreciation and Section 179 expense are just some of the potential tax savings available for businesses...