Mar 15, 2019 | IRS information, Tax Updates, Uncategorized
Checkpoint Newsstand 3/15/19 As the April 15th deadline for filing 2018 income tax returns draws near, some taxpayers may not have the cash to pay the balance due on their returns. Clients can avoid penalties but not interest if they can get an extension of time to...
Jan 29, 2019 | Tax Updates
The following is a summary of important tax developments that occurred in October, November, and December of 2018 that may affect you, your family, your investments, and your livelihood. Please Larson & Company for more information about any of these developments...
Jan 29, 2019 | IRS information, Tax Cuts and Jobs Act, Tax Updates
By Susan Thomas, Kevin Drawbaugh, Peter Cooney and David Morgan WASHINGTON (Reuters) – The U.S. government tax agency said on Wednesday it would not impose penalties on many taxpayers who had too little federal income tax withheld from their pay last year, or...
Jan 29, 2019 | IRS information, Tax Updates
IRS has announced that it successfully opened the 2019 tax-filing season on Monday, Jan. 28, 2019, as planned. The announcement includes other information, including the projected timing of refund payments. Projected timing of refund payments. IRS expects the first...
Jan 4, 2019 | Insurance, Tax Cuts and Jobs Act, Tax Updates
AUTOMATIC CONSENT PROCEDURES FOR INSURANCE COMPANY CHANGING BASIS OF COMPUTING RESERVES UNDER TCJA In a Revenue Procedure, IRS has provided the procedures under Code Sec. 446 and Reg § 1.446-1(e) for an insurance company changing its basis of computing reserves...
Jan 3, 2019 | Tax Updates
A number of important tax changes go into effect in 2019. Some were ushered in by legislation such as the Tax Cuts and Jobs Act, the 2016 Consolidated Appropriations Act, and the Bipartisan Budget Act of 2018. Still other changes are the result of various...
