Tax Withholding Adjustments

The tax reform legislation passed by Congress significantly changes the landscape for individuals effective January 1, 2018 and for several years thereafter. For many taxpayers, the changes made by the legislation present many tax planning challenges and opportunities. While the tax r

Amending Your Individual Income Tax Return

Individuals that have discovered they made an error on their tax returns after they have been filed can file an amended return (Form 1040X) to correct the error. Amended tax returns can be filed to correct most errors regarding income tax returns; however, they do not need to be filed

2018 Income Tax Projections

Major tax changes are taking place in 2018 as a result of the Tax Cuts and Jobs Act passed on December 22, 2017. These changes will affect both businesses and individuals. In order to see how this new law will impact your 2018 taxes, we can provide a projection applying the changes to

Some New Tax Law Changes

With President Trump signing the new tax bill last week, and as more information is made available about the changes in tax law, we want to let people know about some last minute tax strategies to implement before December 31, 2017 to be in a better position for 2018. We talked about
Tax deduction

Last Minute Tax Saving Strategy for 2017

President Trump’s goal is to sign a new tax bill into law by Christmas 2017. It appears many changes to our current tax law are inevitable. Both the Senate and the House of Representatives plans will remove the state and local income tax deduction from federal itemized deduction