Posted on May 26, 2019
by
Angie Adames
The U.S. tax laws have a long history of incentivizing taxpayers to invest in their domestic business operations and purchase equipment, machinery, vehicles and other capital assets that are essential to generating business income. With the enactment of the Tax Cuts and Jobs Act (TCJA) effective for tax year 2018, the government has sweetened the […]
Posted on May 23, 2019
by
Adam Cohen
The March and April tax filing deadline have come and gone, and many individual and business taxpayers can happily bid farewell to their 2018 federal income tax-filing responsibilities. However, if you are one of the millions of taxpayers who applied for an automatic extension of time to file for 2018, don’t get too comfortable. The […]
The Florida legislature again approved a week-long sales-tax holiday on purchases of disaster-preparedness supplies, including batteries, flashlights and generators, to encourage the state’s residents and businesses to get ready for the 2019 hurricane season. Beginning on Friday, May 31, and running through the end of the day on Thursday, June 6, 2019, Florida residents can […]
If you are one of the millions of taxpayers who received a smaller-than-expected tax refund or a surprise tax bill after filing your federal income tax returns for 2018, you can take comfort in knowing you are not alone. If you do not want to end 2019 in a similarly disappointing financial position or worse, […]
Posted on May 14, 2019
by
Eric Green
The IRS recently issued a highly expected, second set of proposed regulations on the Opportunity Zone program intended to help more investors, developers, business owners and underserved communities across the U.S. begin working together to maximize the intended benefits of this program. Congress established the Opportunity Zone program at the end of 2017, as […]
Posted on May 03, 2019
by
Rick Bazzani
Considering the amount of time and efforts taxpayers need to gather documents and prepare for the filing of their federal income tax returns, it’s no wonder that mistakes can occur. Luckily, the IRS offers taxpayers a few options for fixing their tax return filing errors. In general, you have three years from the date you […]
