We really needed tax reform. Instead we got HR-1, absurdly labeled as the Tax Cuts and Jobs Act, plus the Senate version of that same bill,. As I promised, they wouldn’t be passed as proposed (that would have been EVEN worse, they have been reconciled. And , TheDonald has signed the final version, so it’s the law of the land. PL 115-97.
The education system in the US has not been keeping up. To some degree, it’s why Kmart and Target feel they can demand college degrees to staff their stores. Of course, it may also be related to the fact that many college grads can’t get the jobs they expected- so they are applying to Kmart and Target.
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!)
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.
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 that really lets us off the entire- or most of- the capital costs in one fell swoop. Plus, the potential sea change in partnership rules that may to handle new IRS method of auditing the .
I know, I know. You already hate reading about taxes. But, you really need to know about these changes. Today, we’ll continue with Part IV. (Here is a link to yesterday’s Part III.)
We’re not quite half-way throught yet. (The most recent update on our tax laws can be found here.) Today, we’ll talk about some exemptions from Obamacare, changes for employers (and when we’ll get their 1099s and W2s), plus changes to our social security taxes and overseas employment exemptions.