Blog
IRS to highlight tax reforms and who should plan now for the changes
10 | 09 | 18 IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes IR-2018-197, Oct. 9, 2018 WASHINGTON – With just a few months left in tax year 2018, the Internal Revenue Service today urges small business owners to learn about how the new […]
New 100-percent depreciation deduction for businesses
New 100-percent depreciation deduction for businesses Tax reform legislation includes changes that affect a business’ bottom line. One of these changes allows businesses to write off most depreciable business assets in the year they place them in service. Here are some facts about this deduction: The 100-percent depreciation deduction generally applies to depreciable business assets […]
The Highlights of Tax Reform for Businesses
10 | 09 | 18 The Highlights of Tax Reform for Businesses FS-2018-17, October 2018 The Tax Cuts and Jobs Act included a few dozen tax law changes that affect businesses. Most of the changes in the new law take effect in 2018 and will affect tax returns filed in 2019. This fact sheet summarizes […]
IRS resources help small businesses understand tax reform
IRS resources help small businesses understand tax reform Here are some of the resources on IRS.gov to help businesses better understand how the Tax Cuts and Jobs Act affects their bottom line. Tax Reform News – includes links to news releases, fact sheets and statements on the new legislation and how it affects businesses. Tax […]
New 100-percent depreciation deduction benefits business taxpayers
IRS Tax Reform Tax Tip 2018-157 Tax reform legislation passed in December 2017 includes changes that affect businesses. One of these changes allows businesses to write off most depreciable business assets in the year they place them in service. Here are some facts about this deduction to help businesses better understand how to claim it: […]
IRS NEWS FOR TAX PROFESSIONALS – October 2018
IRS NEWS FOR TAX PROFESSIONALS October 2018 ►UPCOMING WEB CONFERENCES IRS Web Conference – Understanding the Basics of Virtual Currency – is Now Available on Demand. IRS Web Conference – Understanding the Basics of the Dark Web – is Now Available on Demand. Please check Webinars for Tax Practitioners for upcoming webinars. ►TAX REFORM New […]
First Thursday Minutes September 6, 2018
Tax Professionals Stakeholder Liaisons Velma Bjorgum Karen Brehmer Jacob Borash Alan Gregerson Carrie Christensen Mike Mudroncik Zachary Froelich Jessica Gatzke Stakeholder Liaison Manager Ruth Graff Kristen Hoiby, Area 6 Manager Steff Haring Carrie Houchins-Witt Terry Johnson Stakeholder Liaison Director Bill Kelly Shane Ferguson Todd Koch Judy Lashinski Ken Larsen Departments of Revenue Ruth Ann Michnay […]
Coming soon: A new tax transcript to better protect taxpayer data
FS-2018-16, September 2018 On Aug. 22, 2018, the IRS announced a change in the format of tax transcripts and provided a preview of proposed changes in the methods of distributing tax transcripts to taxpayers and their authorized third parties, such as tax practitioners. These changes were outlined in IRS News Release 2018-171. The IRS is […]
Tax reform changes affecting small business and self-employed
Tax reform changes affecting small business and self-employed taxpayers; third quarter estimated tax payment deadline is Sept. 17 IRS YouTube Videos: Estimated Tax Payments – English | Spanish | ASL IR-2018-182, Sept. 10, 2018 WASHINGTON – With the last third of the year now in full view, the IRS today reminded small business and self-employed […]
What makes your EA journey and MNSEA so unique for you?
My name is Janelle Julien and I am the new managing editor for NAEA’s EA Journal. I have been reviewing NAEA’s State Affiliates and would love to feature your society in some way. There used to be a column in the magazine called, “My EA Journey.” Would you or members of the society be interested […]
