Month: December 2017

IRS warns taxpayers that prepaying property taxes might not work

The IRS is warning taxpayers in new guidance issued Wednesday that they might not be able to deduct their prepaid 2018 property taxes on their 2017 [...]

President signs tax overhaul into law

President Donald Trump on Friday signed into law H.R. 1, known as the Tax Cuts and Jobs Act, which makes widespread changes to the Internal Revenue Code. [...]

5 Ways the “Tax Cuts and Jobs Act” will Impact Housing and Mortgages

At the time of publishing this, the President hasn’t yet signed the bill. But, it’s as good as a law and we fully understand all the provisions [...]

Tax Reform Is Done: Here’s How It Matters to You

After successfully reconciling different bills passed by the House of Representatives and Senate, respectively, Congress has passed the Tax Cuts and Jobs Act [...]

Trump Tax Reform Calculator

The Trump Tax Reform bill is another step closer to being law with the final bill out of committee and headed to the House and Senate for voting on the final [...]

IRS issues 2018 standard mileage rates

The optional standard mileage rates for business use of a vehicle will increase slightly in 2018, after decreasing in the two previous years, the IRS announced [...]

How To Report Bitcoin Cash And Avoid IRS Trouble

In light of the August. 1 split of Bitcoin into two separate cryptocurrencies, Bitcoin and Bitcoin Cash, many questions remain. While the IRS has issued [...]

IRS Summons for Virtual Currency Gains Partially Enforced

The IRS has been granted partial enforcement of a summons served on the virtual currency exchange Coinbase. The original summons sought broad information on [...]