OK. You all know that we are now living under a new tax law (PL115-97, aka Tax Cuts and Jobs Act). One with a purported “much” higher standard deduction, which means fewer folks will be able to (or have to) itemize.
Continue reading Yeah. A Postcard.
Come on! You’ve been given much more time.
Because the 15th of April fell on a Sunday, the normal scheme of things would be that yesterday would have been the day to file your taxes. Except the IRS relies on Andover (MA) to process a bunch of electronically filed forms. And, the 16th of April was Patriot’s Day.
Yes, I remember that Beatles song well.
It’s appropriate today because the next 8 days are going to be insane. (Since I don’t work on Shabat, it’s really only a week’s worth of work, even though it’s an eight-day period.)
Continue reading 8 days a week
Here’s the preamble to the series…
https://www.adjuvancy.com/wordpress/tax-cuts-jobs-act-lie/
Continue reading HR-1: From beginning to the end. (Hopefully not OUR end, though)
We began discussing the proposed changes to personal tax filings yesterday. We’ll finish with the changes to the individual tax system today-and then go on to the changes to the business tax filings.
Let’s reiterate what I said yesterday– I don’t expect this bill to pass. Certainly not the way it was presented in the bill. These posts were written on 2 November- when the bill was published. Since then, the House has proposed changes to its own bill. And, 1 week later, the Senate published a slightly different version- which means that I will be adding to this series to contrast the differences between the two bills. (This series that was 5 blogs will now be 7.)
Whew! Two days ago was the filing deadline for individuals and corporations. A month ago, the deadline for partnerships and flow-through entities elapsed.
Continue reading Taxing Issues
You did it! You held on for the seven posts. Today is the last one. Where we will learn about the changes to how long extensions may be (some are shorter and some are longer than before). Oh, and penalties- they’re going up. (Of course!)
Continue reading What Changes Affect My Filing Taxes in 2017 (Part VII)
Come on! You’ve made it this far. There’s only one more after today’s blog!
Today, we’ll discuss the changes that the IRS has made in collecting overdue taxes, how we’ll be able (or not) to request (and be granted) extended payment plans, and the changes in the filing dates for some taxes.
Continue reading What Changes Affect My Tax Filing in 2017 (Part VI)
Oh, good! I haven’t lost you yet. Even though there was a weekend separating all these sections.
Today, we’ll continue our discussion of Section 179 (this is depreciation, but of the sort that really lets us write off the entire- or most of- the capital costs in one fell swoop. Plus, the potential sea change in partnership rules that may affect many in an attempt to handle the new IRS method of auditing the partnerships.
Continue reading What Changes Affect My Tax Filing in 2017 (Part V)
