Another Year, Another New 1040

Another Year, Another New 1040

In 2018, the government attempted to “simplify” the tax-filing process by drastically shortening Form 1040. The result was six new schedules that created a lot of confusion. Now the IRS is attempting to ease some of that pain by revising the form and removing some...
Effective Tax Planning Starts Now!

Effective Tax Planning Starts Now!

With summertime activities in full swing, tax planning is probably not on the top of your to-do list. But putting it off creates a problem at the end of the year when there’s little time for changes to take effect. If you take the time to plan now, you’ll have six...
Oh No! Your Tax Refund is Now a Bill

Oh No! Your Tax Refund is Now a Bill

If you are anticipating a nice refund this year, it may be a good idea to prepare yourself for a possible letdown. Many taxpayers will receive a smaller-than-expected refund and might even owe taxes to be paid by April 15. If this happens to you, here are some of the...
Tax Cuts and Jobs Act (TCJA) Tax Law

Tax Cuts and Jobs Act (TCJA) Tax Law

A significant new tax deduction went in to effect January 1, 2018 under the new Tax Cuts and Jobs Act (TCJA) tax law. The changes are extensive and should provide a substantial tax benefit to individuals with “qualified business income” from a sole...
Is a Tax Surprise Waiting for You?

Is a Tax Surprise Waiting for You?

Often lost in the excitement of large-scale tax change is how they can negatively impact some individual situations. Check out the questions below to see if you might be in for a tax surprise this year. Will you pay more than $10,000 in state and local taxes?...