As is usual this time of the year the IRS advises the tax practitioner community and taxpayers of the upcoming 2019 inflation increases to such items as tax rate brackets, Standard Deductions and Exemptions and applicable phase out ranges for each, IRC Sec 911 Foreign Earned Income Exclusion, IRC SecClick here for more
Archive for the ‘2019 Tax Season’ Category.
As is usual this time of the year the IRS advises the tax practitioner community and taxpayers of the upcoming 2019 Pension Plan limitations as pertains to ORC Sec 401(k) and the NPO corresponding 403(b), traditional and ROTH IRA’s, Cat-up’s and Defined Contribution Plans. The Internal Revenue Service today announcedClick here for more
For Tax Year 2017, e-file closes on Nov. 17; After that, disaster victims, others need to file on paper
As the 2018 tax season (2017 income tax returns) season draws to a close the IRS as is customary is reminding us that on November 17 2018 it will close e-filing down to prepare for the upcoming 2019 tax season to file 2018 tax returns. After that we must paperClick here for more
After much confusion regarding the deductibility of Meals and Entertainment the IRS clarifies that certain (most as originally understood) 50% type meals will continue to be deductible (although not on Schedule A as Unreimbursed Employee Expense deductions are eliminated under the TCJA), 100% deductible meals and the deduction for allClick here for more