Have you heard the phrase “it would take an act of Congress” to get something changed? Well, Congress acted in December 2017 and passed the Tax Cuts and Jobs Act. Most taxpayers such as individuals and businesses are affected by this legislation. Below are three tax law changes that...
Did you know that the U.S. tax institution started after acts of solidarity against paying British taxes? Whether you think that stance has been won or lost is a matter of perspective. Nevertheless, taxpayers have been paying federal income taxes since the 19th century. Tax law is...
Do you feel like “the hardest thing to understand in the world is the income tax (Albert Einstein)?” Yes, federal and state income tax laws are complex. Taxation in the United States of America (and internationally) is ever-changing. As you pursue meeting your tax obligations,...
The upcoming tax season is rapidly approaching. Despite the shifts in Washington D.C. (and possible updates to the Internal Revenue Code), managing your tax records throughout the year is a best practice. Consider the below action items as you deal effectively with your tax records: ...