Tag Archives: taxes

Changes to Employee Benefits

Under the Trump tax plan, employees can no longer deduct unreimbursed employee expenses.  In addition, moving expenses that are reimbursed are now taxable. If you have a tax problem, contact our law office at 816-524-4949 or visit our website at … Continue reading

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Tax Deductions Go Away

Under the Trump tax plan, taxpayers will no longer be able to deduct the interest paid on home equity loans and will only be able to deduct mortgage interest paid on debt up to $750,000.  In addition, taxpayers will no … Continue reading

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Health Care Penalty to Go Away

Starting in 2019, the penalty for not having health insurance will go away.  The penalty came about under the Affordable Care Act. If you have a tax issue and need assistance, contact our law office at 816-524-4949 or visit our … Continue reading

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No Sales Tax for Installing Appliances

Kansas does not impose a sales tax on the services of installing or applying tangible personal property, such as when Lowe’s sends independent contractors to install built-in appliances. If you are having tax issues and need assistance, contact our law … Continue reading

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2017 Tax Season Starts January 29

The IRS has stated that it will begin accepting tax returns on January 29, 2018.  The tax deadline to file your 2017 income tax returns is April 17, 2018.  Tax refunds are expected to begin being paid out around the … Continue reading

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Tax Department Can Estimate Your Business Income

The Missouri Department of Revenue is able to review your bank statements and credit card transactions, among other documents, to determine how much money you made and whether you accurately reported your income.  If you do not provide them with … Continue reading

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Upcoming Tax Deadlines

Partnerships and S Corporations must file by March 15, 2018 C Corporations must file by April 17, 2018 Individuals must file by April 17, 2018 IRA contributions for 2017 can be made until April 17, 2018 If you would like … Continue reading

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IRS Accepting Returns this Month

For the 2017 tax year, the Internal Revenue Service will be accepting tax returns beginning January 29, 2018.  The Internal Revenue Service will be issuing tax refunds for the earned income credit on February 27, 2018.  The last day to … Continue reading

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Rapper DMX Pleads Guilty to Tax Fraud

Rapper DMX has pled guilty to tax fraud, admitting he hid millions of dollars from the IRS in order to try and save $1.7 million in taxes.  DMX is currently undergoing rehabilitation for drug and alcohol issues. If you have … Continue reading

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Vitamin World to Close 124 Stores

Vitamin World has hired a company to assist it with shutting down 124 stores in 30 states. If you have a business that is struggling financially, and you would like to speak to an attorney, contact our law office at … Continue reading

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