Wow, summer went by fast! Actually, it’s still “summer” and will be summer until Monday, September 23, 2019. And here in Texas, it’ll be summer well into October. But officially, summer break is ending for teachers and student. All the teachers I know start the new school year with excitement and engagement and then it […]
Back to School – Tax tips for teachers as the new school year starts. Read More »
It’s early June and I bet you’re in one of two camps. Either you filed your Form 1040 by April 15, 2019 and don’t want to think about taxes until next January. Or, you extended your Form 1040 by April 15, 2019, and you don’t want to think about taxes until the extended deadline of
How to calculate & make the 2nd Quarter Estimated Tax Payment due June 17, 2019 Read More »
Today we’re going to look at the kinds of things a business owner should know and keep track of for tax purposes. What can a business owner learn from Tyrion Lannister and why is it important to emulate one of his characteristics? I’ll admit to being a big fan of Tyrion but I’m not a
Why a business owner has to be like Tyrion Lannister Read More »
5/14/2019 8:00 AM CDT – Kay Bell (@TaxTweet) has posted that the Texas Comptroller is also waiving penalties on returns filed late within the extra time granted by the IRS. 5/13/2019 6:55PM CDT – Wolters Kluwer CCH has just published the specific instructions for getting extra time to file specific tax returns with the IRS
5/13/2019 – Wolters Kluwer CCH -IMPORTANT UPDATE: IRS Extension Instructions Read More »
On March 13, 2019, the Tax Court found that not all tax forms are equal, in that the IRS doesn’t have to recognize and update your address when you use a new address on all IRS tax forms. Earlier this year I wrote a post about how to change your address with the IRS. The
Why you should keep your address updated with the IRS Read More »
Updated on January 25, 2109 from the IRS Newswire: The United States Tax Court’s website (www.ustaxcourt.gov) announced that the Tax Court shut down operations on Friday, December 28, 2018, at 11:59 p.m. and will remain closed until further notice. The IRS reminds taxpayers and tax professionals the Tax Court website is the best place to
Well, for being shutdown and running on a skeleton crew, the IRS has been BUSY today and delivered the final tax regulations for the new Section 199A tax deduction for flow-through income on individual tax returns. This is the new Qualified Business Income Deduction for tax years beginning after December 31, 2017 that came into
New IRS Regulations & Guidance for the Section 199A Deduction Read More »
How to report your new address to the IRS and others to make sure you receive your annual tax documents.
How to report your new address to the IRS and others Read More »
Well, it took them longer than usual but the IRS has updated the rates used to calculate your mileage deductions. As a reminder, there are different rates depending on what type of driving you are doing. The business mileage rate is applicable for business purposes. This would be for activities such as your sole proprietorship
2019 Mileage Rates Updated by IRS Read More »
Well, I just realized it’s been a while since I updated my blog. It’s been a crazy 6 weeks so this update is well overdue. Here’s a recap of what’s been going on in my world. To start, the first 15 days of October were really busy around here. Having the corporate tax return deadline
We made it through the last tax deadline for calendar 2017! Read More »