by GPwebsiteV3! | Dec 28, 2017 | IRS, Tax
The IRS published an advisory in response to numerous questions from the tax community concerning the deductibility of prepaid real property taxes for 2017. For more information, please visit the link below:...
by GPwebsiteV3! | Dec 21, 2017 | GP Articles, Tax, Tax Reform
With the full passage of tax reform by Congress on Wednesday the 21st, we lack only the President’s signature to officially see passed into law the wide-ranging income tax changes we have all been discussing for weeks. There is currently discussion of the President...
by GPwebsiteV3! | Dec 18, 2017 | GP Articles, Tax, Tax Reform
As of right now, we are waiting for what is being advertised as a nearly definite passage of the Tax Cuts & Jobs Act (votes are planned for Tuesday, December 19, and Wednesday, December 20), which will present taxpayers with a dramatically changed federal income...
by GPwebsiteV3! | Dec 15, 2017 | Business, GP Articles, Tax, Tax Reform
It would be a seismic shift in the federal income tax landscape unlike anything seen in 30 years. And it is looking more likely to actually happen, at least as of this writing. As of December 13 and 14, reports are that a deal has been reached in the House-Senate...
by GPwebsiteV3! | Dec 11, 2017 | IRS, MS State, Tax
The Mississippi Department of Revenue published a Technical Bulletin elucidating MS tax laws regarding residential construction. The bulletin expands on the concept of separating transactions for the purchase of tangible property and their installation and covers such...
