Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
October 30, 2017
Trump Campaign Chair Manafort Indicted on 12 Counts of Tax Fraud, Evasion, Laundering
The indictment in the district court for Washington D.C. states that Manafort laundered more than $18 million to buy luxury gods and services without paying any tax on the income. This enabled the GIP strategist to support a “lavish lifestyle. “
September 27, 2017
Trump Tax Plan Repeals Most Itemized Deductions, AMT, Estate Tax
The new tax plan doesn’t provide much detail on how the tax cuts will be paid for and who exactly will benefit. It also throws some important decisions back into Congress’ lap.
August 30, 2017
Don’t Miss Out on IRC §1202 Stock
First of all, to qualify as IRC §1202 Stock, the stock must be in a domestic C-Corporation. The stock cannot be held by an S-Corporation or a limited liability company (LLC). Another caveat is that the corporation may not have more than $50 million in ...
August 28, 2017
How to Help Hurricane Harvey Victims
As Hurricane Harvey brings massive floods and destructive winds to Texas, victims are in need of relief and aid.
August 18, 2017
The Three Most Misunderstood Tax Deductions (Even for Tax Professionals)
Each year during tax time the “most overlooked” tax deductions get a lot of press. And every year the lists include the same deductions, such as state sales tax, student loan interest, job hunting costs, and moving expenses.
March 2, 2017
$1 Billion in Tax Refunds to Expire if Not Claimed
The IRS says that more than $1 billion in federal income tax refunds from 2013 has gone unclaimed so far, and will be lost to the nearly 1 million taxpayers who failed to claim them. Taxpayers have three years to file for an income tax refund, after which
February 25, 2017
Income Tax Questions: What If You Don’t Get Your W-2 Form? What if You Lose Your W-2 Form?
It’s tax time and many Americans are waiting on their income tax refunds. But some taxpayers are still waiting to file because of lost or missing W-2 forms. If you are asking either of these questions, the IRS has answers: What if I lost my W-2 form? What if my work never sent me a...…
February 24, 2017
Major Income Tax Reform Coming this Summer, Says Treasury Secretary
On the income tax reform agenda: Tax rate cuts, fewer brackets, repeal of AMT, cap on itemized deductions, elimination of personal exemptions, Sec 179 changes, 15% corporate income tax rate, repatriation tax, repeal of estate tax.
February 18, 2017
When Will You Get Your 2017 Income Tax Refund? IRS Says Delay for Late Refunds Is Almost Over
In an effort to fight fraud, the IRS delayed all returns with either of those credits this year. But the good news is, the IRS says it has started processing them and they should start being direct deposited the week of ...
February 17, 2017
The Most Googled Tax Searches for Every State
Even tax professionals know how confusing taxes can be. For individual taxpayers, it can be like performing a root canal without any dental experience. For those with tax obligations in multiples states, or with more complex incomes and investments ...
February 17, 2017
2017 IRS Tax Refunds Coming Week of Feb. 27
Many refunds that included the EITC or Child Tax Credit had been held since the filing season started in late January due to new requirements of the 2015 Protecting Americans from Tax Hikes (PATH) Act.
February 17, 2017
Where’s My Income Tax Refund? IRS Says Late Refunds Coming Soon, Chart Shows When
If your refund was delayed because of the Earned Income Tax Credit or the Child Tax Credit (EITC or CITC), the IRS says it has started processing them and they should start being direct deposited the week of ...