The 2019 Back-to-School Sales Tax Holiday begins Friday, August 2, 2019, and runs through Tuesday, August 6, 2019. Remember this is not for kids only! Grown ups can take advantage of the tax savings as well. During this sales tax holiday period, qualifying items will be exempt from tax including: certain school supplies selling for...
The Treasury Department just made it harder for taxpayers trying to circumvent the $10,000 cap on the itemized deduction for state and local taxes (SALT). The Tax Cut and Jobs Act rules on SALT deductions is a nightmare for folks in high-tax states where residents had previously benefited from being able to deduct much more....
Airbnb Hosts May Be Subject To Taxes When Renting a Summer Home Renting out your summer vacation home this season? If you are doing it through Airbnb, remember hosts must comply with the tax regulations in their area. We urge you to contact us if you need advice on reporting your income, or have questions...
Snowbirds Between States Can Get Snared By Auditors With These Red Flags Wealthy Americans and Corporations may be unaware of another benefit of Tax Reform’s sharp cut in the tax rate: IRS Audits are down sharply due to less funding. Don’t breathe easy just yet. States are seeking to fill revenue gaps and recover tax...
Short List of Tax Considerations for College Grads The graduating class of 2019 is now prepared for a profession, but perhaps not so well prepared for the tax changes that lie ahead for them as they enter the workforce. Here is a short list of some tax issues that might impact your new journey to...
