• IRS Scam Alert

    Posted:

    The IRS issued a warning to taxpayers this week of a quickly growing scam involving erroneous tax refunds...

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  • Tax Reform Changes to Recharacterization of IRAs

    Posted:

    The Tax Cuts and Jobs Act provides that a conversion of a traditional IRA, SEP or SIMPLE to a Roth IRA may no longer be recharacterized if the conversion occurs in 2018 or thereafter. However...

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  • Inflation Adjustments to Federal Transfer Tax Exemption

    Posted:

    It has been commonly reported that the Tax Cuts and Jobs Act doubled the lifetime exclusion for gift and estate taxes from $5.6 million to $11.2 million for single taxpayers and from $11.2 million to $22.4 million for couples. However...

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  • Supreme Court will Decide if Online Retailers Must Collect Sales Tax

    Posted:

    The U.S. Supreme Court has agreed to hear a lawsuit brought by the state of South Dakota challenging a 26-year-old ruling that has prohibited state and local government from collecting sales taxes from online merchants and other remote sellers. Read more here...

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  • 2018 Federal Income Tax Withholding Changes

    Posted:

    The Tax Cuts and Jobs Act has reduced individual income tax rates for 2018. This suggests that employees who withhold federal income tax from each paycheck should be able to reduce the amount of tax that they withhold from each check in 2018. Read more here...

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