by GPwebsiteV3! | Mar 4, 2019 | IRS, Tax
With major tax reform changes impacting most taxpayers, the IRS has released a guide along with other online resources explaining the effects both this year and in the years to come. For more information, visit the link below:...
by GPwebsiteV3! | Feb 11, 2019 | GP Articles, Tax, Tax Reform
Section 199A (also known as “the qualified business income deduction” or “the 20% passthrough deduction” or “the monster that stalks my dreams”) hit the news again a few weeks back with the publication of final regulations – and related materials – by the IRS. Sure,...
by GPwebsiteV3! | Jan 21, 2019 | IRS, Tax
The IRS recently announced that it will be waiving the penalty fee for taxpayers who paid at least 85 percent of their total tax liability during the year through income withholdings, estimated payments, or a combination of the two. For more information, please visit...
by GPwebsiteV3! | Jan 8, 2019 | IRS, Tax
The IRS recently confirmed it will be processing returns and issuing refunds as usual this year despite the government shutdown. It also encouraged taxpayers and preparers to submit returns electronically for quicker processing. Additional information may be found at...
by GPwebsiteV3! | Sep 14, 2018 | IRS, Tax
The IRS released a reminder this week for the third quarter tax estimate payment due date along with tips for calculating tax under the new law. For more information, please visit the link below:...
by GPwebsiteV3! | Sep 5, 2018 | GP Articles, Tax, Tax Reform
Let’s talk about “specified service trades or businesses (“SSTB”). These are the trades, professions, and other ways of making a buck that are disqualified from the tax law’s new qualified business income (“QBI”) deduction (a/k/a “the pass-through deduction,” “the 20%...
