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April 18, 2017

The 2017 tax season deadline has officially arrived and the IRS shares some facts and statistics for the current tax season (all stats are as of April, 2017):

  • 103.6 million tax returns were filed in 2017 

  • 80.2 million of those tax returns (about 77%)   pro...

January 13, 2017

The process of repealing the affordable care act, known as the "Obamacare", has officially started on January 13th when Republicans passed a bill that rolls back the Obamacare law. Although it is only the first step, taxpayers already start planning for the change. The...

December 21, 2016

2017 is most certain to be a crucial year. With the election of Donald Trump as the president of the united states, many tax reforms are expected to impact the upcoming  year. The IRS has issued several regulations in 2016 that affect corporate taxation, individual tax...

December 13, 2016

Mileage rates used to calculate the deductible costs of operating an automobile for business, medical or moving purposes has been revealed for 2017 by the IRS. 

Starting on January 1, 2017 the standard rate will be: 

- 53.5 Cents per mile for business miles driven

- 17 ce...

December 9, 2016

The Internal Revenue Service announced that it will begin accepting electronic tax returns on January 23, 2017. Taxpayer claiming certain tax credits should expect a longer wait for refunds. The IRS will also process paper tax returns at the same time.

Taxpayer who are...

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Featured Posts

2017 is most certain to be a crucial year. With the election of Donald Trump as the president of the united states, many tax reforms are expected to i...

New Administration and GOP- Controlled Congress Expected to Move Fast With Tax Cuts Package.

December 21, 2016

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