Important Tax Information

The Tax Cuts and Jobs Act increased the standard deduction, removed personal exemptions, increased the child tax credit, limited or discontinued certain deductions and changed the tax rates and brackets. It’s especially important for certain people to make sure they...

It’s Tax Time

Happy Tax Day! Today starts the beginning of our Tax Filings in the United States. Here’s some important Tax Reminders for individuals and small business owners. Important Tax Dates and Information If you were affected by Hurricanes Harvey, Irma, or Maria and...

Did You Suffer Losses From a Disaster?

With wild fires in the west, hurricanes on the east coast and tornadoes and severe storms in the middle of the country, the U.S. has been hit hard this year. If you are a victim of one of these natural disasters, here are some tips to help you with potential tax...

Deducting Auto Expenses

If you use your automobile for business, you may be entitled to tax deductions. Unless your car is used exclusively for business, you cannot claim a 100% business deduction. Deducting auto expenses requires diligent recordkeeping. There are two methods available for...

American Opportunity Tax Credit (AOTC)

The AOTC is a tax credit with a non-refundable and refund­able component to help make college more affordable for eligible students. A non-refundable portion is allowed to the extent it does not exceed the taxpayer’s income tax liability. The refundable portion allows...

IRS to Use Private Debt Collectors

Last month, the IRS started turning over to private collection agencies (PCA) the accounts of individual taxpayers who have inactive tax receivables. The IRS will be using these four collection agencies: ConServe Pioneer Performant CBE Group If your debt has been...

Pin It on Pinterest