IRS has recently released a proposed guidance. It is for the provision of Tax Cuts & Jobs Act which permits for 100 percent depreciation deduction on the qualified property. This...
Posted by John Pournaras Agency on 10/26/2018
The tax code gets changed always. The deductions and credits always alter. Few times, in particular, it gets hard for the married people for tracking down the tax issues. That’s...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 10/02/2018
Take two highly controversial issues - the #MeToo movement and President Trump’s policies (not to mention inflammatory , often questionable tweets), and what do we have? Another...
Posted by Jakusovas & Company on 09/24/2018
There are so many tax deductions by IRS which did not survive the process of tax reform and would not be available anymore. But, the deductions for local as well as state taxes, that...
Posted by John Pournaras Agency on 09/11/2018
Several IRS tax deductions came to an end due to the tax reform process but the deduction for state and local taxes made it through. The property tax deduction specifically, survived...
Posted by Advantage Tax Service on 09/11/2018
The term “flat tax” is defined as an income system wherein all taxpayers pays the same tax rate regardless of their earned income. A flat tax is typically applied to everyone...
Posted by John Pournaras Agency on 08/01/2018
When you are in the process of consolidated returns, you have to make sure that there is no mistake in it. If you need help regarding the consolidated returns then you can always refer...
Posted by Tax Solutions & Accounting Services on 07/31/2018
As the sole proprietor, you’re basically in charge of your business. While considering the tax code, you as well as your own business are just one single entity. And, it entails...
Posted by Niner's Accounting & Tax Services, LLC on 07/16/2018
There are changes with the tax reforms which employers need to adopt. Sooner or later they will have to get the hold of the meal and entertainment deductions after tax reform. It is...
