New Tax Scam Alert! Emails from the “IRS” discussing tax transcripts

The IRS has issued a new alert about the latest tax scam in which an email which […]

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Child Tax Credit increased and new credit for other dependents in 2019

The IRS has made some favorable changes to the Child Tax Credit for 2019 and simplified a […]

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New changes in store for 401ks and IRA’s in 2019!!

2019 has many changes in store for 401ks and IRA’s. A few of those key changes are: […]

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Why it’s important to pay estimated taxes if you are self employed and/or receive a 1099

As we get nearer to the end of the year and the upcoming tax season next year, […]

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New tax law makes itemized deductions virtually meaningless

The Tax Cuts and Jobs Act increased the standard deduction from $6,500 to $12,000 for single filers […]

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New tax law lets businesses depreciate their assets 100%

The Tax Reform Act of 2017 made some changes to the depreciation rules for businesses. Under certain […]

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IRS issues new guidelines with respect to entertainment expenses and meals

The IRS issued a notice recently (Notice 2018-76) to provide guidelines for taxpayers who wish to deduct […]

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What do you do with a 1099C anyway??

Have you ever received a 1099C for cancellation of debt and wondered what to do about it? […]

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Tips to avoid problems when deducting charitable contributions

One of the most popular deductions is the charitable contribution deduction, but the IRS has a lot […]

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IRS Voluntary Offshore Disclosure Program ends 9/28!!

What is the Offshore Voluntary Disclosure Program? The Offshore Voluntary Disclosure Program or OVDP is a program […]

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