Posts filed under: Federal income tax

The IRS has released final versions of the 2019 Form 1040, accompanying schedules, and Form 1040-SR.  Form 1040 was overhauled...
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The Social Security Administration (SSA) has announced that the wage base for computing the Social Security tax (OASDI) in 2019...
Taxpayers who do not pay prescribed amounts of tax during the year through withholding or estimated payments are subject to...
The IRS has released the final version of the 2018 Form 1065 (U.S. Return of Partnership Income) and draft instructions...
If you don’t pay enough tax through withholding and estimated tax payments, you may be charged a penalty. Individuals, including...
A significant new tax deduction was provided by the 2017 the Tax Cuts and Jobs Act (the Act). For tax...
The business deduction for meals & entertainment expenses has been changed. Congress has historically been skeptical that businesses claim expenses...
Complete your annual income tax organizer and meet with a financial information professional today.  A CPA will prepare your individual...
As the end of the year approaches, it is a good time to think of planning moves that will help...
House lawmakers passed the Tax Reform 2.0 bill on Friday, September 28th.  The bill amends the Internal Revenue Code of...