2018 Year-End Tax Planning

As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Year-end planning for 2018 takes place against the backdrop of a new tax law — the Tax Cuts and Jobs Act — that make major changes in

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

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