by Accent452023 | Oct 11, 2018 | Tax Planning, Video & InfoGraphics
Year-end is rapidly approaching and you only have a limited time to utilize tax-saving strategies. The Tax Cuts and Jobs Act of 2017 substantially increased the standard deduction and made changes that affect itemized deductions. Learn all about...
by Accent452023 | Sep 21, 2018 | Business, Reminders, Tax Planning
October 1 – Fiduciaries of Estates and Trusts File a 2017 calendar year return (Form 1041). This due date applies only if you were given an extension of 5 ½ months. If applicable, provide each beneficiary with a copy of K-1 (Form 1041) or a substitute Schedule...
by Accent452023 | Sep 21, 2018 | Reminders, Tax Planning
October 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 10. Your employer is required to withhold...
by Accent452023 | Sep 20, 2018 | Business, Tax Reform
Article Highlights: 20% Flow-Through Deduction Qualified Trade or Business Specified Service Trade or Business Deduction Table Listing of Service Businesses As part of its recent tax reform, Congress included a new 20% deduction of pass-through income for trades or...
by Accent452023 | Sep 13, 2018 | Business, Medical, Tax Central, Tax Planning, Taxes
Article Highlights: Increased Standard Deduction Tax-Exempt Income Impairment-Related Work Expenses Financially Disabled Earned Income Tax Credit Child or Dependent Care Credit Special Medical Deductions Qualified Medicaid Waiver Payments ABLE Accounts Taxpayers with...
