Is Your Business Ready for the Tax Cuts and Job Act?

tax cuts and jobs act businessThe most sweeping tax reform in over 30 years, the Tax Cuts and Jobs Act (TCJA) brings a lot of changes for businesses. If you run a business, you’ve probably been making quarterly payments on your 2018 income tax bill already, but you may not realize the whole scope of the changes […]

November 13th, 2018|Tax News|0 Comments

Reminder: The Tax Filing Extension Deadline Is October 15th, 2018

tax extension filing deadlineIf you requested an extension on your 2017 income tax return, you need to file by October 15th. Just around the corner, this is the absolute last date you can file if you want to avoid serious penalties. Get ready with these tips.

Don’t Worry If You Don’t Owe

If you don’t owe any tax, the […]

October 9th, 2018|Tax Filings|0 Comments

Tax Cuts and Jobs Act and the Future of the Shared Responsibility Penalty

future of shared responsibility paymentThe Tax Cuts and Jobs Act passed in 2017 will have significant ramifications on all manners of tax filings going forward. However, one of the more substantial changes to tax laws relates to the 2009 Affordable Care Act. Of most importance to what changes happen under the Affordable Care Act is when the changes […]

What to Do If You Have Undisclosed Offshore Bank Accounts

undisclosed offshore bank accountsTaxpayers with foreign bank accounts are required to disclose these accounts under the Foreign Account Tax Compliance Act (FATCA) and on the Report of Foreign Bank and Financial Accounts (FBAR). Do you have an overseas bank account you haven’t disclosed it to the IRS? If so, you are […]

5 Surprising Tax Law Changes in the Tax Cuts and Jobs Act

tax cuts and jobs actThe Tax Cuts and Jobs Act (TCJA) has made sweeping changes to the United States tax laws. You have probably heard about some of the major changes that take effect beginning in 2018—a big cut to the corporate tax rate, lower marginal rates across the board, and a larger standard deduction. But […]

March 23rd, 2018|Tax Tips|0 Comments