Tax and Financial Planning Calendar for August 2019

Month Income Taxes Saving and Investing AUGUST Returns on extension are no longer due 8/15.  For 2018, you have until 10/15 to file returns that have been put on extension. Work through a Tax Projection to avoid any surprises next winter, especially with the new tax...

Here’s the 411 on Who Can Deduct Car Expenses on Their Tax Returns

From IRS News – Tax Tip July 29, 2019 Taxpayers who have deducted the business use of their car on past tax returns should review whether or not they can still claim this deduction. Some taxpayers can. Some cannot. Here’s a breakdown of which taxpayers can claim...

Save the Date – Sept 27 Annual Client Event

Please join us for our annual fall client event on Friday, Sept. 27 at Cafe Escadrille from 11 am – 4 pm. This year we expanded the focus of our annual financial and practice management summit to include two groups of healthcare professionals: For Mental Health...

Still Waiting For Your Refund?

Did you file your tax return this spring and are still waiting for your refund? The IRS issues more than 9 out of 10 refunds in fewer than 21 days. However, it’s possible that some tax returns require further review and take longer to process. Some common...

Interesting Metrics for Personal Tax Returns – 2018 vs. 2017

2018 was the first year that incorporated the majority of the tax law changes resulting from the Tax Cuts and Jobs Act of 2017 (TCJA) enacted just prior to the end of 2017.  While many taxpayers were very concerned with the loss of certain tax deductions that had...