Tax Cuts & Jobs Act Archives - Page 3 of 3

Reminder for New Tax Return Due Dates, Other Tax Reform Changes

Due dates changed for partnerships, C corporations and several other business returns last year. For calendar-year S corporations and partnerships, the filing date is March 15 and is April 15 for C corporations. The date for fiscal year C corporations is the 15th of the fourth month following the end of the corporation’s calendar year. State [...]

cozbycpa2018-12-14T17:13:38-05:00December 14th, 2018|Categories: Compliance, Corporate Taxes, Health Care, IRS, Personal Taxes, Planning Strategies, Self-Employed, Small Business, Tax Law Changes, Tax Tips, Taxes, Year End|Tags: Affordable Care Act, Cozby & Company, new tax return due dates, penalty for underpayment of estimated taxes, Plymouth accountant Heather Cozby, Plymouth MA tax tips, repeal of corporate alternative minimum tax (AMT), Tax Cuts & Jobs Act, TCJA|

Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises

The Internal Revenue Service encourages taxpayers who typically itemized their deductions on Schedule A of the Form 1040 to use the Withholding Calculator this year to perform a “paycheck checkup.” People who have itemized before may be affected by changes from the Tax Cuts and Jobs Act. Taxpayers who itemize should use the IRS Withholding Calculator [...]

cozbycpa2018-05-16T16:02:52-04:00May 16th, 2018|Categories: IRS, Personal Finance, Personal Taxes, Planning Strategies, Tax Deductions, Tax Law Changes, Tax Tips, Taxes, Year End|Tags: adjusting withholding, avoid tax surprises, completing a new W-4, Cozby & Company, Cozby CPA, Heather Cozby, IRS Withholding Calculator, itemizing deductions, paycheck check-up, standard deduction doubled, Tax Cuts & Jobs Act|