Federal Tax Updates

Welcome to 2019 and a delayed provision of the tax reform, also known as the Tax Cuts and Jobs Act (TCJA). Big tax changes for divorce decrees are now in effect. 

Tax time is here, 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 Affordable Care Act (ACA) imposed significant penalties on taxpayers and their families who do not have ACA-compliant health insurance.

The most recent tax reform has dealt teacher a raw deal when it comes to deducting supplies that they purchase out of their own pockets. 

The Tax Cuts and Jobs Act has left many of today’s businesses with big questions. Incorporation remains a hot topic, but this law is shaking things up. It’s quick to assume your company should be [...]

Four states – New York, Connecticut, Maryland and New Jersey – have sued the federal government to void the tax-reform cap on the federal itemized deduction for state and local taxes, contending [...]

The dust has not yet settled from the Tax Cuts and Jobs Act (TCJA), passed into law in December 2017, and the House Ways and Means Committee is already considering another round of tax changes.

The recent tax reform has changed the way most taxpayers need to think about and plan for their taxes. 

Recently passed legislation has given new life to two homeowner energy credits that had expired or were about to expire, providing renewed opportunities to homeowners wanting to take advantage of [...]

As it does every year, the Internal Revenue Service recently announced the inflation-adjusted 2016 optional standard mileage rates