Article Published by: mjscpa.com The child credit has long been a valuable tax break. But, with the passage of the Tax Cuts and Jobs Act (TCJA) late last year, it’s now even better — at least for a while. Here are some details that every family...
Read More
Article Published by: taxpayeradvocate.irs.gov Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details are removed to protect the privacy of the taxpayer. While participating...
Read More
Article Published by: huffingtonpost.com Don’t give away free money. The IRS rolled out the latest version of its tax withholding calculator on Wednesday after updating it to reflect the new withholding tables. The free tool is designed to help taxpayers be sure they don’t have too much...
Read More
Article Published by: mjscpa.com A guide to tax forms that are due to file on April 15th. Individuals - File an income tax return (Form 1040, 1040A, 1040EZ, or 709) and pay any tax due. If you want an automatic 6-month extension of time to file the...
Read More
Article Published by: accountingtoday.com As of this column, George Jones has officially retired from writing the Tax Strategy column after 21 years of thoughtful analysis and insight. I will miss his topic ideas, writing skills and second set of eyes. He always strived to make the...
Read More
Article Published by: mjscpa.com It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify for an adult-dependent exemption to deduct up to $4,050 for each person claimed on your 2017 return. Basic qualifications For you to qualify for...
Read More
Article Published by: money.cnn If you're concerned about having enough money in retirement, you're not alone. And if you're behind on savings, you're in good company there as well. The average American's 401(k) balance just reached $104,300, while the average IRA balance hit $106,000, according to...
Read More
Article Published by: Time.com With the tax filing deadline rapidly approaching, a large chunk of Americans will no doubt spend the next few weeks crunching numbers and digging up documents in an effort to be on time. But unfortunately, a good 20% of workers are gearing...
Read More
Article Published by: greenwhichsentinel.com Greenwich-based Michael J. Smeriglio III, CPA, announced they have hired Emmanuelle Muscat as a Director of Operations. She will be responsible for overseeing all office operations and client relations. In announcing Muscat’s hire, Michael J. Smeriglio III, founder of the firm, stated: “Emmanuelle...
Read More
Article Published by: taxpayeradvocate Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details are removed to protect the privacy of the taxpayer. TAS advocated...
Read More