It’s Tax Time 2019, Time to Gather Your Information for Your Tax Appointment
When we say Tax Time 2019 is just around the corner, like most taxpayers, you are finding yourself with the massive chore of pulling together the records for your tax appointment. The difficulty of this task depends upon how well you maintained your tax records throughout the year. This is Part 1 of Tax Time 2019 is Around the Corner, Are You Ready? No matter how good your record keeping was, arriving at your tax appointment full and accurate tax information will give us more time to: Continue reading →
Do you want to learn about 12 easy ways to get your personal finances in shape for 2019?
Yes, there really are 12 easy ways to get your personal finances in shape for 2019. It’s always a good idea to do an annual review of your personal financial habits. Regardless, whether you’re diligent about paying bills and saving or you’ve fallen behind and never opened a savings account. Everybody needs to re-evaluate from time to time, and there’s no time like the New Year. Continue reading →
Yes, tax reform is confusing. In part 2 we hope to shed light on other areas of tax reform changes. As mentioned last week, we decided to put together a side-by side comparison of the old and new law. At the end of Part 1’s blog post, is an infographic to help you maneuver all the details behind Tax Reform. Below we will break down Part 2 of this very long infographic for an easier understanding. Let’s go! Continue reading →
Yes, tax reform is confusing; however, in this article we will make it easier to understand. This year has flown by so fast, and tax reform is in full swing. We decided to put together a side-by side comparison of the old and new law. All that is left to close this deal is filing that first tax return to the IRS. Below is an infographic to help you maneuver all the details behind Tax Reform. Below we will break down this very long infographic for you into pieces for an easier understanding. Are you ready? Continue reading →
Do you want to save money with a unique year-end tax strategy? Year-end is rapidly approaching and you only have a couple of months to utilize tax-saving strategies. The Tax Cuts and Jobs Act of 2017 substantially increased the standard deduction and made changes that affect itemized deductions. Continue reading →
What does the IRS do to help with natural disaster relief?
We just watched Hurricane Florence slam the Carolinas, and last year’s hurricane season between Hurricane Harvey, Hurricane Irma and Puerto Rico’s Hurricane Maria were devestating. The last several years the IRS has typically acted to provide taxpayer relief for natural disasters such as hurricanes Kartina and Rita, the 2014-2015 record snow fall in New England, the 2010 New England floods, Hurricane Sandy, Hurricane Matthew, the Ebola Outbreak in 2014, and the 2010 Hatian earthquake. As you read this you would think we were facing the end, but thank goodness there has been help from the IRS. The typical measures often include delaying various filing deadlines, delating various payment deadlines, loosening rules for write offs for damage, and allowing for certain charitable contributions.
Disclaimer: This publication/blog, which may be considered advertising under the ethical rules of certain jurisdictions, is provided with the understanding that it does not constitute the rendering of legal advice or other professional advice by Joseph J. Cahill / Worthtax or any of its subsidiaries or its attorneys, employees or associates representing Joseph J. Cahill / Worthtax. Additionally, the foregoing discussion does not constitute tax advice. Any discussion of tax matters contained in this publication/blog is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code or promoting, marketing or recommending to another party any transaction or matter.
Joseph Cahill & Associates / WorthTax is proud to offer income tax preparation services to the residents of Norwell, Scituate, Hingham, Hanover, Pembroke, Marshifield, Hanson, Plymouth, Quincy, Braintree, Milton, Weymouth, South Weymouth, Hingham, Rockland, Abington, Holbrook, Canton, Dedham, West Roxbury, Hyde Park, Westwood, Norwood, Walpole, Needham, and other surrounding communities.