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Posts from March, 2019

  • Upcoming Tax Deadlines: April - June 2019 April Day 1 Electronic Filing of Forms – 1097, 1098, 1099, 3921, 3922, and W-2G. File Forms 1097, 1098, 1099 (except a Form 1099-MISC reporting nonemployee compensation), 3921, 3922, and W-2G with the IRS. This due date applies only if you file electronically. Otherwise, see ... Continue Reading
  • IRS provides a safe harbor method for first year depreciation on passenger automobiles The Treasury Department and the Internal Revenue Service issued guidance that provides a safe harbor method for determining depreciation deductions for passenger automobiles that qualify for the 100-percent additional first year depreciation deduction and that are subject to ... Continue Reading
  • New Variations on Phishing Schemes The IRS continues to see a steady stream of new and evolving phishing schemes as criminals work to victimize taxpayers throughout the year. Whether through legitimate-looking emails with fake, but convincing website landing pages, or social media approaches, perhaps using a ... Continue Reading
  • IRS Waives Some 2018 Tax Withholding and Estimated Tax Payment Penalties The Internal Revenue Service announced that it is generally waiving the penalty for any taxpayer who paid at least 85 percent of their total 2018 tax liability during the year through federal income tax withholding, quarterly estimated tax payments or a combination of the ... Continue Reading
  • 6 Tax Reform Changes Commonly Affecting Individuals The Tax Cuts and Jobs Act (TCJA) was enacted in December 2017 and affects all taxpayers. The below is for general informational purposes and we encourage you to reach out to us directly to discuss how specific changes may impact your unique situation. Six tax reform changes ... Continue Reading