NEW FOR 2018 FILING YEAR!
President Trump recently signed the tax reform bill into law, and it makes major revisions to the U.S. tax code for both individuals and corporations. In fact, the bill represents the most significant tax changes in the United States in more than 30 years.
With that in mind, here’s a guide to all of the changes that will go into effect the new tax brackets, modified deductions and credits, corporate tax changes, and more.
For more information regarding the 2018 tax tax provisions that could affect your return this year click here…….2018 Summary Review
New Federal Tax Law May Affect Some Refunds Filed in Early 2016
More information regarding the affordable care acttax provisions can be found on the irs website at http://www.irs.gov/Affordable-Care-Act/Individuals-and-Families
The Internal Revenue Service has announced initial plans for processing tax returns involving the Earned Income Tax Credit and Additional Child Tax Credit during the opening weeks of the 2017 filing season. The IRS is sharing the information now to help the tax community prepare for the 2017 season, and plans are being made for a wider communication effort this summer and fall to alert taxpayers about the changes that will affect some early filers.
More information regarding the (PATH Act) provisions can be found on the irs website at https://www.irs.gov/for-tax-pros/new-federal-tax-law-may-affect-some-refunds-filed-in-early-2017
The links below will allow you to access worksheets that are useful in completing your tax return.
Please note that it is your responsibility to maintain, in your records, the documentation necessary to support the data used in preparing your tax return(s).
Useful Tax Worksheets:
- Client Tax Organizer
- Client Information Sheet (Returning Customer)
- Client Information Sheet (Dropoffs’ & Pickups)
- Credit Card Authorization
- Interest & Dividend_Income Worksheet
- Sale of Stocks Worksheet
- Business Profit & Loss Worksheet
- Rental Income & Expenses Worksheet
- Farm Income & Expenses Worksheet
Professional Specific Deduction Worksheets:
- Computer & Hi-Tech Professionals
- Daycare Providers
- Executive Business Professionals
- Fire Fighters
- Law Enforcement Security Professionals
- Medical Professionals
- Ministers the Clergy
- Outside Salespeople
- Real Estate Agent Deductions
- Teachers Educational Professionals
- Plumbers Carpenters Other Tradesmen
Other Tax Checklists:
Note: Please fill out with accurate figures for which you have calculated and have retained accurate documentation. Do not use “same as last year” as an amount.
Office• Cell • Fax (866) 922-5858