The PATH Act

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The Protecting Americans from Tax Hikes Act, aka the PATH Act, is a new law that was designed to protect taxpayers against tax fraud. The law was passed in December of 2015 and it extended some expiring tax provisions, made some expiring provisions permanent, and created new one provisions. This means that you might notice some [...]

Upcoming Filing Deadline for Wage Statements

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There’s an important new deadline that all employers need to take note of: January 31st. That’s the new deadline for sending all wage statements and independent contractor forms to the Social Security Administration and the IRS. In the past, wage statement and independent contractor forms only needed to be sent to employees by January 31st. If [...]

IRS Announces Opening of 2018 Filing Season: Tax Season to Begin January 29

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Last week, the IRS finally announced the opening date of the 2018 filing season: January 29. That’s the date the IRS will begin accepting tax returns from the almost 155 million Americans that are expected to file this year. In the official IRS statement, they stated that the reason the date is on the 29th this [...]

A Breakdown of the Tax Cuts and Jobs Act

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All the talk around the new tax plan has finally solidified into action: the new tax reform bill, The Tax Cuts and Jobs Act, has passed in both the House and the Senate. The law passed on December 22nd and was immediately signed into law by President Trump. This bill marks the first major tax overhaul [...]