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Week One of the 2018 Tax Filing Season
As of today, February 7th, we’ve filed 256 tax returns. That’s 8 more than this day last year. I’m watching the reports we give the clients regarding the impact of the Trump Tax Plan on their projected outcomes for next year and here’s what I’m seeing: 7 out of 10 will realize tax savings next…
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Tax Season Hours
Our extended hours until April 17 are as follows: Monday through Friday 8:00 am until 8:00 pm Saturdays 8:00 am until 5:00 pm
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IRS Announces 2018 Pension Plan Limitations Not Affected by Tax Cut and Jobs Act of 2017
WASHINGTON — The Internal Revenue Service today announced that the Tax Cut and Jobs Act of 2017 does not affect the tax year 2018 dollar limitations for retirement plans announced in IR 2017-177 and detailed in Notice 2017-64. The tax law provides dollar limitations on benefits and contributions under qualified retirement plans, and it requires…
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Changes to Our Secure Portal
We have done away with folders in order to simplify and increase security procedures. When you login to our portal, you are in your own secure space that nobody has access to, other than you and select employees. Documents and files will be available for a period of 30 days. After 30 days, if you…
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Taxpayer Advocate Releases 2017 Annual Report to Congress
Here a just a few of the common sense proposals included in the more than 1,000 pages of the report. Strengthen Taxpayer Protections in the Filing of Federal Tax Liens Codify the Rule That Taxpayers Can Request Equitable Relief Under Internal Revenue Code Section 6015(f) Any Time Before Expiration of the Period of Limitations on…
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Updated 2018 Withholding Tables Now Available
Taxpayers Could See Paycheck Changes by February The Internal Revenue Service today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month. This is the first in a series of steps that IRS will take to help improve the accuracy of withholding following…
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Martin Luther King, Jr. Day Monday January 15, 2018
Our office will be closed Monday January 15th, 2018 in recognition of Martin Luther King, Jr. Day. This will be the last federal holiday we recognize until after April 17th (Tax Season).
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Federal Tax Changes may prompt State Tax Changes
For many, many years we have had an unlevel playing field when it comes to paying federal income tax. Whether you agree or not, does not matter. This truth is irrefutable. Historically, U.S. citizens that live and work in states with no state income tax have paid more federal income tax, than those with the…
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We are Hiring!
To inquire, send resume to greg@bara.net. All contact is strictly confidential.
