Tag Archives: taxes

Filing taxes 101: Common errors taxpayers should avoid

Mistakes can result in processing delays, which can mean it takes more time to get a refund. Some easy ways to avoid mistakes are tofile electronically – the electronic system can immediately mark errors that would normally not be caught … Continue reading

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90 Day Tax Payment Relief Due to Coronavirus

On March 18th, 2020 it was announced that the IRS would extend the due date of federal tax payments from April 15th to July 15th because of the growing Coronavirus crisis. This extension applies to individual taxpayers owing up to … Continue reading

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WeWork’s Loss Balloons to $1.25 Billon

Office-space startup WeWork lost $1.25 billion in the third quarter of 2019, as expenses far outpaced revenue growth, draining the company’s cash ahead of a bailout by SoftBank Group Corp. last month, the Wall Street Journal reported. We Co., as … Continue reading

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What Teachers Should Know About Deducting Out-of-Pocket Classroom Expenses

Eligible educators may be able to deduct qualified expenses they paid in 2019 when they file their 2019 tax return. Taxpayers qualify for this deduction if they meet the following criteria: Teach any grade from kindergarten through twelfth grade Work … Continue reading

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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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