IRS Giving a Break to Some Taxpayers Who Under-prepaid Their 2018 Taxes

Taxpayers are required to pre-pay their taxes for any tax year through payroll withholding, estimated tax payments or a combination of the two. Employees and retirees generally accomplish this through withholding, and self-employed individuals and those with investment income by paying quarterly estimated payments. The late-2017 passage of tax reform that became effective for 2018 […]

Important — Rental Owners! Guidance Related to the 20% Pass-Through Deduction

Ever since tax reform was passed over a year ago, taxpayers have been uncertain whether rental property will be classified as a trade or business for purposes of qualifying for the new IRC Sec 199A 20% pass-through deduction (commonly referred to as the 199A deduction). Finally, on January 18, 2019, the IRS issued a notice […]

Tax Time Is Around the Corner! Are You Ready?

Tax time is just around the corner, and if you are like most taxpayers, you are finding yourself with the ominous chore of pulling together the records for your tax appointment. The difficulty of this task depends upon how well you have maintained your tax records throughout the year. No matter how good your record […]

Resolve to Dig Deeper into QuickBooks Online This Month with Three Tips You Need to Know

‘Tis the season for making resolutions and setting goals. Try exploring these three areas to dig deeper into QuickBooks Online. By now, many New Year’s resolutions have already been made. Though they’re usually created with the best of intentions, they’re often just too ambitious to be realistic. For example, you might decide to learn more […]