September 28, 2017

The Trump Administration recently released is Tax Reform plan titled "Unified Framework For Fixing Our Broken Tax Code". It's a 9-page document that touts "More jobs", "Fairer taxes", and "Bigger paychecks". Overall, the plan achieves just one of its goals, and does so by ignoring or going against the other goals...

The plan starts off with a set of goals:

  • Tax relief for middle-class families

  • The simplicity of "postcard" tax filing for the vast majority of Americans

  • Tax relief for businesses, especially small businesses

  • Ending incentives to ship jobs, capital, and tax revenue overseas

  • Broadening the tax base and providing greater...

September 13, 2017

Tax relief includes extended filing deadlines, ability to include property and casualty losses on prior year returns to expedite refunds, ability to obtain loans from 401k plans to pay for repairs, relief from fees to request copies of tax documents from IRS, and relief on certain fuel taxes. Contact us today for help in receiving any of these benefits if you have been impacted by Hurricanes Harvey or Irma.

IR-2017-151, Sept. 12, 2017

WASHINGTON —The Internal Revenue Service today announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Irma and members of their families. Thi...

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