Tax Tip Tuesday: October 15th Due Date
Here are a couple of quick due date reminders: October 15, 2018 This is the final due date for individuals to file their individual income tax return if they have an automatic six-month extension for 2017 returns. They also need to pay any tax, interest and penalties due. October 15th is also the due date to file a 2017 calendar year C-Corporation income tax return and pay any tax, interest and penalties due if you were given an automatic 6-month extension. We will be taking
Tax Tip Tuesday: How to Know If You Need to Adjust Your Withholding Up or Down
Do you need to adjust your withholding up or down? If you work for someone as an employee and also have income from other sources, the IRS urges everyone to perform a "paycheck checkup" now. This includes taxpayers who have certain types of income from interest, dividends, self-employment, capital gains, or prizes and awards.They may need to pay estimated or additional tax. A "paycheck checkup" can help these taxpayers avoid an unexpected year-end tax bill and possibly a pena
Tax Tip Tuesday: Tax Reform 2.0
The House Committee on Ways and Means announced some items they are considering in a new tax reform bill. Here’s what they may make permanent. Individual and Small Business Tax Cuts Many of the individual and small business tax provisions in the Tax Cuts and Jobs Act are currently scheduled to expire after 2025, but they may soon become permanent. This includes: Lower individual tax rates Increased child tax credit Paid family leave tax credit Increases to the alternative min
