IRS Form W-4 will be overhauled and made more complex to obtain a higher level of accuracy for Federal income tax withholdings. Are the changes worthwhile?

IRS prevents work-around of State and Local Tax (SALT) Cap of $10,000 by not allowing charitable donations to the extent they result in state tax credits.

The Tax Extender bill for 2018 has been passed by the House Ways and Means Committee. What does this mean and what is included in this version of the bill?

Have you recently received a phone call from the IRS demanding payment for back taxes, tax fraud or any other tax related issue? Are they threatening legal action if you don’t arrange payment promptly? If you answered yes to these questions, the caller is most certainly not an IRS employee/agent.

The Treasury recently released guidance on which businesses will not qualify for the pass-through income reduction, aka the Section 199A deduction. Is your business eligible for deducting up to 20% of your pass through income?

The Trump Administration is trying to reduce Capital gains tax by indexing cost basis for inflation. These changes could lead to $100 billion more in taxpayers pockets over the next decade. Democrats do not support this but recent history shows that Republicans might push this through.

The State Department has begun denying passport applications and revoking current passports for taxpayers that owe the IRS. The IRS estimate that 362,000 taxpayers could be affected by this pre-existing law. Certain exemptions do apply.

The IRS is preparing to release the 2018 edition of the 1040 Tax Return on what it calls a "Postcard". This is a clumsily condensed version of the old 1040. Some people may mistake this as a simpler way to file when it is not and leave valuable deductions on the table.

On tax day the IRS website crashes after a flood of people filing last minute. The website displayed a greeting telling people to comeback in the year 9999 but that their taxes were still due today. The IRS did eventually fix the problem and have extended the due date.

Each tax season, we field countless questions on retirement contributions. So much of how much you can contribute is situational and not a black and white rule. We can walk you through the differences of a 401k, IRA, Roth IRA, SEP-IRA, Solo 401k or any other retirement vehicle you have questions on.