Do You Need to File Taxes?
As people prepare to file their taxes, there are things to consider. They will want to determine if they need to file and the best way to do so. For…
IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018
The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of…
What are your options to pay your back tax debt?
Once the tax returns are processed, we know exactly how much Mr. Jones owes. Sometimes, if the client is an employee and has had sufficient withholding taken out, they don’t…
Taxpayers can get tax help after hurricanes and other natural disasters
Each year, hurricanes and other natural disasters leave widespread damage in their wake. In addition to property losses, disasters can have an effect on victims’ taxes. The IRS wants taxpayers…
IRS issues guidance on Tax Cuts and Jobs Act changes on business expense deductions for meals, entertainment
The Internal Revenue Service issued guidance today on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA). The 2017 TCJA…