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The Tax Cuts and Jobs Act, Part 2: Pass-through Income Deduction

The Tax Cuts and Jobs Act, Part 2: Pass-through Income Deduction

Tax Law, Tax Tips

The Tax Cuts and Jobs Act, Part 2: Pass-through Income Deduction

  There is an old saying that you cannot eat an elephant in one sitting, so over the next few blogs, I am going to take apart the new Tax [...]

The Tax Cuts and Jobs Act: Tax Reform

The Tax Cuts and Jobs Act: Tax Reform

Tax Law, Tax Tips

The Tax Cuts and Jobs Act: Tax Reform

  The Tax Cuts and Jobs Act was signed by President Trump on December 22nd and is now law! The new law makes sweeping changes to the U.S. tax code [...]

IRS Data Mining: Social Media

IRS Data Mining: Social Media

Tax Law

IRS Data Mining: Social Media

From the Desk of Lauran L. Stevenson IRS Data Mining: Social Media We are all aware that big companies collect our information to market better. There are other organizations, such [...]

The New Illinois Tax Hike

The New Illinois Tax Hike

Tax Law

The New Illinois Tax Hike

From the Desk of Michael T. McCormick The New Illinois Tax Hike Illinois budget legislation has been enacted over Gov. Bruce Rauner’s veto that increases corporate and personal income tax [...]

Taxpayer Advocate Service Mid-Year Report to Congress

Taxpayer Advocate Service Mid-Year Report to Congress

Tax Law

Taxpayer Advocate Service Mid-Year Report to Congress

From the Desk of Lauran L. Stevenson Taxpayer Advocate Service Mid-Year Report to Congress This week’s post will introduce the Fiscal Year Objectives Report to Congress. This report presents a [...]

Form 1099 – Not to be Ignored

Form 1099 – Not to be Ignored

Tax Law

Form 1099 – Not to be Ignored

From the Desk of Lauran L. Stevenson Form 1099 – Not to be Ignored The difference between a 1099 and a W2 employee is how the monies and information on [...]

President Trump’s New Tax Proposal

President Trump’s New Tax Proposal

Tax Law

President Trump’s New Tax Proposal

From the Desk of Michael T. McCormick President Trump’s New Tax Proposal President Trump outlined his new tax proposal on Wednesday that the Administration intends to submit to Congress. “Today [...]

Tax Planning for the Donald Trump Presidency

Tax Planning for the Donald Trump Presidency

Tax Law

Tax Planning for the Donald Trump Presidency

From the Desk of Michael T. McCormick Tax Planning for the Donald Trump Presidency After a heated presidential election, the time is now to look forward and see what changes [...]

Taxpayer Bill of Rights: The Right to Pay No More than the Correct Amount of Tax

Taxpayer Bill of Rights: The Right to Pay No More than the Correct Amount of Tax

Tax Law

Taxpayer Bill of Rights: The Right to Pay No More than the Correct Amount of Tax

From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Pay No More than the Correct Amount of Tax The Right to Pay No More than the [...]

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General Disclaimer
General Disclaimer: The content of our web pages has been prepared or compiled by McCormick Tax Group, LLC for informational purposes only and does not constitute tax advice. Transmission or receipt of any content materials is not intended to create, and does not constitute, an engagement. Readers of our content should not rely upon it without seeking professional tax advice, and it is no substitute for getting the advice of a tax professional.
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