by Harry | Nov 27, 2019 | Tax Info
The Tax Cuts and Jobs Act made some of the largest changes to the tax code we’ve seen in recent history. While the majority of these changes went into effect for the 2018 tax year (so you would have noticed them when you did your taxes in 2019), the tax code does...
by Harry | Oct 25, 2019 | Tax Info
Climate change and emission taxes already affect the taxes of many corporations across the world. But a new proposed carbon tax may affect your bottom line as well. The idea of a carbon tax, a tax on burning fossil fuels, is gaining buzz after a recent International...
by Harry | Oct 25, 2019 | Tax Info, Tax Planning
Do you own stock in foreign corps? There’s a new IRS revenue procedure you should know about. It’s called the IRS Revenue Procedure 2019-40. This procedure provides tax relief to certain US citizens who own stock in certain foreign corporations. In essence, IRS...
by Harry | Oct 24, 2019 | Tax Info
The Tax Cuts and Jobs Act dramatically changed the American tax code. One of the features of the new tax code included tax rates that shift from year to year in the first years of the new code. Additionally, tax brackets have long been tied to inflation, which means...
by Harry | Sep 26, 2019 | Tax Info
The Alternative Minimum Tax (AMT) is a somewhat controversial tax. This separate tax was designed to ensure that higher income individuals pay their fair share of taxes. However, for many years, this tax was never adjusted for inflation. This meant that, over the...
by Harry | Aug 20, 2019 | Tax Info, Tax Planning
Every year, criminals invent new ways to commit tax return fraud. Fraudsters look for ways to steal the sensitive data of taxpayers, which can help them commit tax-related identity theft. Identity theft can lead to a whole host of problems, including losing your tax...
