by Matthew | Jan 16, 2019 | Tax Blog
If you are a taxpayer whose 2018 federal income tax withholding and estimated tax payments were less than your total tax liability for the year, then you are in luck. The IRS announced today that it is waiving the penalties for individuals whose tax withholding and...
by Matthew | Dec 4, 2018 | Tax Blog
IRS Audit Procedures So, you received a letter from the IRS indicating that your tax return has been selected for audit. Breathe. This can be a very nerve-racking and anxious time. But, it does not have to be. This article focuses on why the IRS has audited you and...
by Matthew | Aug 8, 2018 | Tax Blog
The Internal Revenue Service (“IRS”) has issued proposed regulations today to further clarify the new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations a 20 percent qualified business income deduction. The new...
by Matthew | May 9, 2018 | Tax Blog
The 16 Tax Reform Provisions Affecting Individuals The Tax Cuts and Jobs Act (“TCJA”) was signed into law on December 22, 2017, and is effective beginning in 2018. It is a major legislative overhaul of the U.S. tax code. This article contains a look at...
by Matthew | Apr 9, 2018 | Tax Blog
Time running out to file 2014 income tax return to claim refund from IRS. Refunds worth $1.1 billion are waiting to be claimed by those who have not filed 2014 income tax return. In a recent announcement, the Internal Revenue Service (“IRS”) is reminding...
by Matthew | Nov 3, 2017 | Tax Blog
On November 2, 2017, the Tax Cuts and Jobs Act was released by House Republicans. The bill is scheduled to be marked up by Ways and Means on Nov. 6. If the bill becomes law, it would mark the most significant changes to the federal income tax system in the past 30...
