Tax law changes are often a stand-alone proposition—tax rates go up or down, a new deduction is added to the Code, another deduction is eliminated, or a tax write-off is increased or decreased. It’s usually pretty easy to determine what...
At some point in your tax practice, you’ll no doubt have clients who need representation before the IRS, or you may want to expand your practice to include this service. Here’s what you need to know with regard to IRS...
In this episode of TaxProTalk (#TPT), Tony and Jim write thank you notes as they reflect on tax season. TaxProTalk has a new channel on YouTube, to which you can subscribe to be notified about all the TaxProTalk updates.
Now that you’re past the crunch of tax season, you can take a breather … but only for a short while! Here’s a list of this month’s important tax and compliance deadlines. In May, it is recommended that you: Conduct...
Due to a provision in the Tax Cuts and Jobs Act, a corporation with a fiscal year that includes Jan. 1, 2018, will pay federal income tax using a blended tax rate and not the flat 21 percent tax rate...
On June 15, 2012, the U.S. Department of Homeland Security (DHS) announced that it would not deport certain undocumented youth who came to the United States as children. Under a directive from the DHS secretary, these youths may be granted...
At some point, you’re going to need to learn the Sec. 199A deduction inside and out if you serve small businesses or real estate investors. This new deduction within the Tax Cuts and Jobs Act produces big tax savings, but...
The Tax Cuts and Jobs Act, signed into law on Dec. 22, 2017, overhauls the Internal Revenue Code and provides broad tax relief to workers, families and businesses of all sizes. Beginning in tax year 2018, tax rates are lowered...
This week’s episode of TaxProTalk is here! This week, we focus on the upcoming FBAR filing deadline on April 17. Reference links E-file Form 114 in Intuit® ProConnect™ Tax Online E-file Form 114 FBAR in Lacerte® E-file Form 114 FBAR...
The Tax Cuts and Jobs Act overhauls the Internal Revenue Code and provides broad tax relief to workers, families and businesses of all sizes. Beginning in tax year 2018, tax rates are lowered for individual and business taxpayers, and various tax...
This week’s TaxProTalk includes information on ProSeries® Ask an Expert resources, extended Care hours for all tax products and more. Reference links ProConnect™ Tax Online Support and Service – Hours of Operation Lacerte® Support Service and Sales – Hours of Operation...
At one time, a popular consumer financial magazine ran an annual feature in which accountants were asked to prepare a tax return for a hypothetical couple; year after year, no two practitioners calculated the correct tax liability. Moreover, the results...
Tax law changes are often a stand-alone proposition—tax rates go up or down, a new deduction is added to the Code, another deduction is eliminated, or a tax write-off is increased or decreased. It’s usually pretty easy to determine what... 
