Category Archives: Government

Taxpayers Should Be on the Lookout for New Versions of These Two Scams

The following article was published by the IRS. With scam artists hard at work all year, taxpayers should be on the lookout for a surge of evolving phishing emails and telephone scams. Taxpayers should watch for new versions of two … Continue reading

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Your Taxes in the Sharing Economy

What do social media gigs, driving for companies like Uber, and renting out spare bedrooms in your house to travelers all have in common? They are all different ways of participating in what has become known as the Sharing Economy. … Continue reading

Posted in Government, IRS, Personal Finance, Planning Strategies, Self-Employed, Tax Law Changes, Tax Tips | Tagged , , , , , , , , , , , , , , , , , , ,

IRS Confirms Tax Filing Season to Begin January 28

The following article was published by the IRS. Despite the government shutdown, the Internal Revenue Service has confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled. “We are committed to ensuring … Continue reading

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Monitor State Response to Tax Reform

States react differently to changes to federal tax law. For example, some states automatically conform to federal tax law as soon as legislation is passed. Other states require their legislatures to adopt federal tax law as of a fixed date. … Continue reading

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Consider Investing in Qualified Opportunity Zones

Tucked away in the TCJA is the creation of Qualified Opportunity Zones (QO Zones). These are low-income communities that meet certain requirements. Investing in QO Zones can result in two major tax breaks: (1) temporary deferral of gain from the … Continue reading

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Wayfair

On June 21, 2018, the U.S. Supreme Court handed down a historic decision in the sales and use tax nexus case South Dakota v. Wayfair, Inc. The 5–4 ruling overturns physical presence standards upheld in previous cases, such as Quill … Continue reading

Posted in Compliance, Excise, Government, Sales, Self-Employed, Small Business, Tax Law Changes, Taxes | Tagged , , , , ,

How to Find a Job When You’re Retired

Looking for a job is a job in and of itself. But as we age, it is often assumed that finding a job gets even harder. This may be true if you are trying to complete with a younger demographic … Continue reading

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