Time’s up. Tax season is here. Wait – that was the opening line to part one of this series that included the Intuit® ProConnect™ solutions I recommend for tax season. Soon into writing that article, I discovered there were so...
While many tax practitioners have good intentions to move to a virtual tax practice, how many actually make this happen? Meet Christopher A. Bush, CPA, of Frisco Tax Services in Frisco, Texas. Chris has more than 29 years of tax...
In this episode of TaxProTalk, Jim and Tony discuss some additional details around qualified business income deduction as well as some information about safe harbor provisions for rental real estate. TaxProTalk has a channel on YouTube. Subscribe to be notified about all...
In analyzing filings for prior years, the IRS documented that nearly a third of all taxpayers have itemized deductions. Of those who do, nearly all of them take the state and local tax (SALT) deduction. Prior to the Tax Cuts...
The State of Ohio has more than 600 municipal taxing jurisdictions to which businesses are required to file tax returns. Businesses file paper returns to each municipality, with the exception of those that are part of the Regional Income Tax...
In just five screens, our Standard vs. Itemized Tax Deduction Interactive tool can help your clients understand the changes in the standard deduction and itemized deductions. This tool can also help you discuss the tax law changes and their impact...
What effect is tax reform having on your tax practice and delivery of services to your clients? We asked our tax accountants at QuickBooks® Connect, and here’s what they had to say. Are you still getting up to...
On Jan. 18, 2019, the Treasury Department and the IRS issued final regulations and three pieces of guidance around the new qualified business income (QBI) deduction. The Tax Cuts and Jobs Act established a 20 percent QBI deduction for sole...
The IRS released Publication 535 on Jan. 30, 2019. Chapter 12 covers the qualified business income (QBI) deduction, including guidance, worksheets and instructions in arriving at the new 20 percent deduction. Under the Tax Cuts and Jobs Act, and beginning...
Social Security benefits can provide a sizeable chunk of income and can possibly be the primary source of income for older Americans. However, many retirees may not fully understand the rules around receiving benefits and the relationship between monthly benefit...
Time’s up. Tax season is here. Wait – that was the opening line to part one of this series that included the Intuit® ProConnect™ solutions I recommend for tax season. Soon into writing that article, I discovered there were so... 
