Partnerships, S corporations, and Pass-Through Income

Partnerships, S corporations, and Pass-Through Income

Here’s a look at some of the more important elements of the new tax law that have an impact on partnerships, S corporations, and pass-through income.  In general, they are effective starting in 2018. New Deduction for Pass-Through Income The new law provides a...

2018 Provisions of the TCJA for Business – An Overview

The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package.  Here’s a look at some of the more important elements of the new law that have an impact on business.  Unless otherwise notes, the changes are effective for tax years beginning in 2018...
Form 1099 – Mistakes that Can Cost You

Form 1099 – Mistakes that Can Cost You

Be On the Lookout for Your Form 1099s It’s that time again! Time to send and receive your IRS Form 1099s. Every year the requirements are modified for Form 1099-MISC. When you are a recipient of a 1099-MISC form the IRS also gets a copy that is linked to your...
Tax Reform

Tax Reform

The President has signed the biggest tax reform law in over 30 years. These changes do not affect your 2017 tax return. When you file your 2018 tax returns — about a year from now — your tax return will look very different. And because most changes don’t happen until...