Category: TAXES

IRS REFUNDS: REFUNDS ARE BEING PROCESSED WITHIN A 2 WEEK PERIOD IF ELECTRONICALLY FILED SOME REFUNDS WILL NOT BE ISSUED UNTIL FEBRUARY 27, 2019 IF

The U.N. report faulted the Trump administration for pursuing policies it said would exacerbate U.S. poverty. In May, U.N. special rapporteur on extreme poverty and human rights

STATES RESPONSE State legislatures have reacted to the new $10,000 limit on the federal deduction for state and local taxes (SALT) with workaround legislation States

WHAT’S IMPACTED Half of the proposed cuts would come from two accounts within the Children’s Health Insurance Program (CHIP) CHIP is governmental funding to help

EXAMPLE: MATH:  $5,000 TAX REFUND 2017 AND PRIOR UNDER OLD LAW $1,040 EXTRA ON 2018 PAYROLL CHECK UNDER NEW GOP TAX PLAN $3,960 LOSE UNDER

Unscrupulous Tax Preparer looking to make a fast buck from honest people Fraudulent Preparer will put fake business on returns at a loss to yield

TAX DAY DATE TYPE OF TAX RETURN March 15, 2018 Partnership 1065   S Corporation 1120S April 17, 2018 (normally 4.15) Personal Federal 1040, States

On February 9, 2018 President Trump signed the Bipartisan Budget Act; Tax Extenders Included Tax Returns including tax extenders were delayed; IRS and TAX Software