2018 Tax Reform Withholding Notice

As you know, the new Tax Cuts and Jobs Act enacts many changes for all taxpayers. This letter is meant to aid in understanding and, if necessary, re-calibrating your tax withholding. With the elimination of personal exemptions and reduced or eliminated itemized deductions for upcoming tax years, the IRS updated their withholding tax charts which …

2018 Tax Reform & What It Means For Homeowners

There are many changes regarding the upcoming 2018 tax season. In this letter, we will detail to you how these changes affect homeowners, specifically regarding deductions that were acceptable in 2017 that will no longer qualify, and changes to deductions still in place but now with different conditions. Property Taxes             All state and local …

2018 Tax Reform Notice for Business Owners

Dear Business Clients: On December 22, 2017 The Tax Cuts and Jobs Act became law. This is the first major tax reform in over 30 years and makes a lot of changes to the tax code. All businesses will be impacted by these changes, and we want to help you navigate these changes and answer …

2018 Tax Reform Notice for Individual Returns

To our wonderful clients:             As you know, there have been a lot of changes in tax laws and regulations with the Tax Cuts and Jobs Act, signed into law on December 22, 2017. This letter is to give you more information on those changes—we will do our best to help you understand and prepare …

Now Offering Audit Defense with all Tax Prep Services

An IRS tax audit can happen to anyone, and is almost always an extremely stressful process. Now, all of our tax preparation services come with Audit Defense--a guarantee that if you are subjected to an IRS audit, our office will handle the process and take the stress off your back!* Audit Defense Services are automatically …

2018 Tax Updates: Deductions, Alimony, and Gifting

Standard Deduction: The standard deduction has increased; Single standard deduction is now $12,000, Married $24,000. Alimony: "The tax treatment of alimony (deductible by payer and taxable income of recipient) will be changed for divorce agreements after December 31, 2018. For agreements reached after this year, payments will not be deductible by the payer or included …