IRS To Spend $397M To Implement New Tax Law

Author: Date: April 26, 2018 Comments: 0

The Internal Revenue Service and the Treasury Department estimate that implementing the Tax Cuts and Jobs Act will cost approximately $397 million and require hiring the equivalent of 1,734 full-time employees over the next two years. The estimates were included in...

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High-Tax States Scheming to Offset New Tax Law Impact

Author: Date: April 26, 2018 Comments: 0

The new GOP tax law places high income and property tax states at a distinct disadvantage. Before the new tax bill, any and all state and local taxes (commonly referred to as SALT) could be taken as itemized deductions without limitations. SALT includes both income...

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Mark These Tax Deadline Dates For The Rest Of 2018

Author: Date: April 26, 2018 Comments: 0

While April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that you also need to be aware of. To help you make sure you don’t miss any important 2018 deadlines, here’s a look at...

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17Apr How the Recent Tax Reform May Impact Your Charitable Giving Strategy

Author: Date: April 26, 2018 Comments: 0

Charitable Giving Strategy The first time Congress allowed a tax deduction for charitable giving was in 1917, only a few months after the U.S. entered WWI. This deduction was created as a way to bolster charities and their war efforts, and it has been available to...

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Delivering Tax Refunds Is The Least Of The IRS’s Problems

Author: Date: April 26, 2018 Comments: 0

For Tax Day this year, House lawmakers are focusing on a familiar target — the Internal Revenue Service. Pegged to Tuesday’s tax-filing deadline, Republican leaders scheduled a floor vote later this week on a bipartisan package to retool the agency. If the...

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TAX DAY IS HERE!

Author: Date: April 26, 2018 Comments: 0

Wow! The tax filing deadline is here, ready or not. Below is a list of tax filings that are due today.  April 17 – * Individual income tax returns for 2017 are due. * First installment of 2018 individual estimated tax is due. * Deadline for making...

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How To Face The Accounting Singularity

Author: Date: April 26, 2018 Comments: 0

Accountants everywhere know better than most that they need to be keeping a close eye on emerging technologies like artificial intelligence, especially since these disruptive innovations stand to seriously threaten their employment opportunities in the future. The...

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Why You Need An “After Busy Season” Call List

Author: Date: April 26, 2018 Comments: 0

T he busy season is often the most dreaded time of the year, and for good reasons; accountants regularly find themselves exhausted from the immense amount of work they need to get through this time of year, and many are feeling incredibly burnt out from high stress...

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Tax Court: Silver Tax Lining For IRA Distribution

Author: Date: April 26, 2018 Comments: 0

Generally, contributions to an IRA may be fully or partially tax-deductible, while payouts of IRAs are fully subject to tax. However, as evidenced by a new case, Shank, TC Memo 2018-33, 3/20/18, a portion of an IRA may be exempt from tax. The result of this case...

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6 Low Cost and Low Risk Ways to Get Bookkeeping Services for Small Business Owners

Author: Date: April 11, 2018 Comments: 0

Small business owners are really weary of the money that they spend, that includes the money spent on hiring bookkeepers, so it is only fitting that they look for low cost and low risk ways to get their bookkeeping services. This article gives you 6 ways to get...

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