Income Tax

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January 24, 2018 

Trump to Tap Beverly Hills Lawyer to Lead the IRS

If nominated and approved, Rettig faces an uphill battle in turning around the IRS, which has suffered in recent years from a dwindling budget and several black eyes, including the “Tea Party scandal” that unfolded under Koskinen’s watch.

Ken Berry, JD

 IRS Says More Taxpayers May Qualify for EITC Due to Hurricanes

January 23, 2018 

IRS Says More Taxpayers May Qualify for EITC Due to Hurricanes

A special computation method, available only to people who lived in one of the hurricane disaster areas during 2017, may enable them to claim the EITC or claim a larger than usual credit. Under this method, taxpayers whose incomes dropped in 2017 can ...

tax deductions 1  56213c60b3270

January 22, 2018 

Top 10 Surprising Tax Deductions

As the year comes to a close, we have compiled some unexpected tax deductions you may be able to claim on your return as you look at getting your financial house in order and as you consider other New Year’s resolutions. Whether with your business, ...

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January 18, 2018 

2018 IRS Income Tax Refund Schedule

The IRS will begin processing tax returns on January 29, 2018, for income earned in 2017. In general, the IRS says that returns with refunds are processed and payments issued within 21 days. For paper filers, this can take much longer, however.

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January 17, 2018 

IRS Warns of Tax Scam with Fake W-2 Forms

Here’s how the scam works: Cybercriminals do their homework, identifying chief operating officers, school executives or others in positions of authority. Using a technique known as business email compromise (BEC) or business email spoofing (BES), ...

 IRS Payroll Tax Withholding Chart – 2018

January 11, 2018 

IRS Payroll Tax Withholding Chart – 2018

The updated withholding information shows the new rates for employers to use during 2018. Employers should begin using the 2018 withholding tables as soon as possible, but not later than Feb. 15, 2018.

 Tax Professionals Need to Talk about the Cannabis Industry

January 11, 2018 

Tax Professionals Need to Talk about the Cannabis Industry

Today the cannabis industry is a $6 billion industry. In ten years it is projected that cannabis will be a $1 trillion industry. In my home state of Florida, cannabis became legal last year, however the state, as it legislated the laws surrounding ...