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

Important Tax Dates

The IRS announced that tax season will open on Monday, January 29, 2018. The IRS will begin accepting paper and electronically filed tax returns at that time. Paper returns won’t begin to be processed until mid-February. That is why the IRS strongly suggests to file your 2017 ta

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

2018 IRS Provision Updates

The IRS announced last week the annual cost of living adjustments for various tax-related provisions for 2018. Keep in mind, these new numbers are for tax year 2018 (beginning January 1, 2018 thru December 31, 2018), which the return will be filed in 2019. Additionally, these are the