Has Your Tax Return Been Rejected?
Most people don’t realize this, but occasionally, an electronically filed tax return is rejected by the IRS. This usually happens if a social security number has already been claimed on someone else’s return and it can be a little scary if it happens to you....
The Qualified Business Income Deduction for Rental Real Estate: What You Need to Know
Tax season is finally over for individual returns! There were a lot of changes this year, and I had firsthand knowledge of how these changes confused many of my clients. One of the biggest changes in the tax code was the introduction of the Qualified Business Income...
Income Tax Myths: Fact vs Fiction
Tax season is upon us and lately I have been hearing many misconceptions about taxes so I thought we could talk about some of them in this blog. Here are seven income tax myths and the realities behind them. Which have you always believed to be true? Myth:...
2018 Tax Changes, Part 2
Continuing on with our discussion of the changes in the tax code created by the passage of the Tax Cuts and Jobs Act (TCJA), this week we are going to talk about the standard deduction and itemized deductions. Much of the hype in the media before the passage of the...
2018 Tax Code Changes: Simplification of Form 1040
A little over a year ago, the Tax Cuts and Jobs Act (TCJA) was passed which amounted to the biggest overhaul of the tax code in 31 years. With preparation of our tax returns looming, be ready for changes. Over the next few weeks, we will talk about some of these...Signup MailChimp
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