It’s Not Too Late! Retirement Account Contributions for Tax Year 2017
For those of you who have been paying close attention to the Tax Cuts and Jobs Act, a direct change was made to Roth IRAs. The change removes [...]
For those of you who have been paying close attention to the Tax Cuts and Jobs Act, a direct change was made to Roth IRAs. The change removes [...]
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 [...]
The Conference Committee has reached a deal on tax reform! The bill will now go to the full House and Senate where it is expected to pass. I will [...]
From the Desk of Michael T. McCormick Tax Reform Looks like a coalition of Administration, Senate and House leaders have reached a tentative tax plan. The below is a rough [...]
From the Desk of Michael T. McCormick Divorce or Separation May Affect Taxes Taxpayers who are divorcing or recently divorced need to consider the impact divorce or separation may have [...]
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 [...]
From the Desk of Lauran L Stevenson New IRS Scam: The IRS Sends Out Alert On June 15, 2017, the IRS sent out a warning to taxpayers of a new [...]
From the Desk of Lauran L. Stevenson IRS Tips to Taxpayers Preparing for Hurricane Season The Atlantic hurricane season officially begins June 1. Last week, the Internal Revenue Service offered [...]
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 [...]
From the Desk of Lauran L. Stevenson What to Do When an IRS Letter Arrives: “Tips” from the IRS Recently, the IRS issued several tax tips on how to handle [...]
From the Desk of Michael T. McCormick Record Keeping I am often asked by clients, “What records must I keep to take a deduction?” The answer to that can be [...]
From the Desk of Michael T. McCormick Year End Tax Planning Series Although tax planning is a 12-month activity, yearend is traditionally the time to review tax strategies from the [...]