Sep 11, 2018 | IRS information, Tax Cuts and Jobs Act, Tax Planning Tips, Tax Updates
The IRS has urged retirees to perform a “paycheck checkup” using the Withholding Calculator to verify that they were having the right amount of tax withheld from their pensions and annuity checks. This guidance is part of the “Paycheck Checkup”...
Sep 11, 2018 | IRS information, Tax Cuts and Jobs Act, Tax Planning Tips
Taxpayers who made a regular-IRA-to-Roth-IRA conversion in 2017 may regret their decision due to factors such as market declines. Fortunately, such taxpayers may unwind their conversions, but they must act no later than Oct. 15, 2018. Background. Taxpayers who believe...
May 30, 2018 | IRS information, Tax Cuts and Jobs Act, Tax Planning Tips, Tax Updates
The IRS has urged two-income families and those working multiple jobs to complete a “paycheck checkup” using the Withholding Calculator to verify they are having the right amount of tax withheld from their paychecks. The Withholding Calculator could also...
May 24, 2018 | IRS information, Tax Cuts and Jobs Act, Tax Planning Tips
In a news release, IRS has encouraged taxpayers who have typically itemized their deductions to use the withholding calculator on IRS’s website to perform a “payroll checkup”, noting that changes made by the Tax Cuts and Jobs Act may warrant an...
May 15, 2018 | Tax Cuts and Jobs Act, Tax Updates
The Tax Cuts and Jobs Act (TCJA) makes major changes to one of the more common business expenses—outlays for meal and entertainment. As this two-part alert explains, many, but not all, entertainment expenses are no longer deductible after 2017. A number of meal...
Apr 23, 2018 | IRS information, Tax Cuts and Jobs Act, Tax Updates
The following is a summary of important tax developments that have occurred in the first three months of 2018 that may affect you, your family, your investments, and your livelihood. Appropriations Act tax changes. On March 23, President Trump signed into law the...
