2018 Tax Tips

Other ways to save: Nevertheless, there are other new tax law provisions that may be able to pick up some of the slack from losing the DPAD. Here are a few to consider: • A reduction in corporate tax rates to a flat 21 percent rate. • Generous Section 179 expensing and bonus depreciation for…

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Choosing a Tax Resolution Company

The term “Tax Resolution†refers to the process of resolving tax issues or problems. This can include unfiled tax returns, tax liabilities, cases in the IRS’ Automated Collection System, cases assigned to Revenue Officers, payroll liabilities and tax returns that are being audited. There are many choices when it comes to tax resolution companies, but…

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Most significant 2018 Tax Changes

HM Accounting & Taxation, Inc.

2018 will carry the most significant tax change in 30 years. See a brief summary below and plan ahead!!! Slightly lower tax rates affecting most brackets and short-term capital gains Standard Deduction and Personal Exemption Mortgage Interest Deduction Reduction and Funds Usage Adjustment Charitable Contributions Deduction Increase Medical Deduction $10,000 cap on SALT (State and…

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