It’s almost 1099 Season! Time to Get Ready
As the end of the year quickly approaches, the January 31, 2019, 1099-MISC filing requirement is on the horizon.
News Update
Scam Warning for Pennsylvania Tax Notices
Unfortunately, there is no shortage of fraudulent schemes to scam you out of your money or grab your identity.
Business Meals and Entertainment—Is there still a deduction available after TCJA ?
Meals and Entertainment has a long history as targets for perceived (or not) abuse by businesses and taxpayers which in turn brought scrutiny from the IRS.
Medicare Update and Scam Alert
Starting 4/1/18, Medicare will start a yearlong project to replace all current Medicare cards for beneficiaries to convert to alphanumeric ID numbers.
IRS Released Helpful Tools – Paycheck Calculator
As a result of the Tax Cuts and Jobs Act, the IRS has released an IRS Withholding Calculator to help individuals determine if they are on target with their federal withholding.
The Tax Cuts and Jobs Act: Things to Consider Now
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family, and your business calculate your federal income tax bill, and the amount of federal tax you will pay.
2017 Year-End Planning: Form 1040 Update
It’s that time of year again when individual tax planning for the current year is key. When reviewing your 2017 year for tax planning, it is important to know the changes and updates to Form 1040 which could have an impact on the amount you pay in taxes.
A Framework For Fixing Our Broken Tax Code
On September 27th, the Trump Administration, along with the House Ways and Means Committee and the Senate Committee on Finance released a unified framework for fixing our tax system.
IRS Enforcement of ACA (Obamacare)
In accordance with President Trump’s executive order calling on agencies to ease up on ACA (Obamacare) regulations, the IRS made changes whereby it will not reject a 2016 tax return for processing just because the taxpayer does not indicate their coverage status in Box 61.
Medical Reimbursements Now Permitted!
On December 13, 2016, President Obama signed into law the “21 Century Cures Act”.