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 [...]
I have mentioned this topic in prior blogs, but the IRS issued a new reminder this week and I thought it couldn’t hurt to discuss the issue again. For seriously [...]
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 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 new tax reform law has passed Congress and is awaiting the President’s signature! There are a lot of Christmas goodies in the new law, but a few lumps [...]
The House of Representatives has passed a tax reform bill, which for the first time since the 1980’s, would enact fairly comprehensive changes to our Tax Code. The Senate is [...]
IRSAC Issued Annual Report for 2017 The IRSAC (Internal Revenue Service Advisory Council) is a federal advisory committee that reports to the IRS Commissioner. Check out the full post on [...]
Time to Renew Expiring ITINS For taxpayers who require an ITIN (Individual Taxpayer Identification Number), now is the time to renew it before the end of the year. Click here [...]
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 Lauran L Stevenson Tax Relief for Victims of Hurricane Irma Hurricane Irma left record breaking damage in its wake, leaving many taxpayers in uncertainty for the [...]
From the Desk of Lauran L Stevenson IRS Tax Relief in the wake of Hurricane Harvey On Tuesday, the IRS made an announcement outlining several relief provisions for victims of [...]
Illinois budget legislation has been enacted over Gov. Bruce Rauner’s veto that increases corporate and personal income tax rates, creates an income and personal property replacement tax addback for the [...]