You don’t need to be a victim when it comes to your taxes. We can calculate what your potential tax liability might be in different scenarios. While this seems to be most useful for our self-employed clients, there are many situations where knowing what to expect can be beneficial to even those who aren’t. For example, if you know that the sale of a property carries huge ramifications with it, you may either pay in some of the tax bill earlier to avoid penalties, delay the sale, or take some other measures that might offset the gain. If you instead choose the “wait and see” approach, there may be no money left when the tax bill comes due. We believe it is important to be proactive in tax planning. Even if you are in a position where nothing can be done to alleviate a tax burden, you can at least start saving now rather than panicking later.
Mechanics of the new Sec. 199A deduction for qualified business income shar.es/an8Bch
Supreme Court Widens Reach of Sales Taxes in E-Commerce nyti.ms/2lpO4sI
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IRS gives taxpayers relief from erroneous HSA contributions - Journal of Accountancy journalofaccountancy.com/news…
To Help Taxpayers, IRS Clarifies Some Common Early Filing Season Myths irs.gov/newsroom/to-he…
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