Tax Topics

From time to time we will post tax topics here for our clients related to accountancy, changes in tax law, links to IRS forms and other sites, etc.


New: January 12, 2019

Alimony Payments


Updated: January 12, 2019

Alternative Minimum Tax (AMT)


Updated: January 6, 2017

Barter Income


Posted: January 10, 2019

Cancelled Debt Income


Updated: January 12, 2019

Charitable Contributions (you must have a receipt!)


New: January 12, 2019

Child Tax Credit and Additional Child Credit


New: January 12, 2019

Dependent Credits


Updated: January 12, 2019

Education Benefits


Updated: January 12, 2018

Electronic Filing (efiling)


Updated: January 12, 2019

Estate tax


Updated: January 12, 2019

Estimated Tax Payments


Updated: January 12, 2019

Extension - Extra Time to File Your Tax Return


Updated: January 12, 2019

Foreign account reporting (FBAR, due April 15 each year, automatic 6-month extension to October 15)


Updated: January 12, 2019

Health Care, "Minimum Essential Coverage"


Updated: January 12, 2019

Household Employees


Updated: January 6, 2017

Identity Theft


Updated: January 12, 2019

IRA Contributions


Updated: January 6, 2017

IRS Notices


Updated: January 6, 2017

IRS Privacy Requirements and Disclosure page


Updated: January 6, 2019

Itemized Deductions and Exemptions (Phase out is gone again)


Updated: January 12, 2019

Medical Expenses


Updated: January 6, 2017

Medicare Additional Tax, 0.9%


Updated: January 12, 2019

Mileage Rates


New: January 12, 2019

Mortgage Interest


Updated: January 6, 2017

Net Investment Income Tax, 3.8%


New: January 12, 2019

Personal Exemptions


Updated: January 12, 2019

Residential Energy Efficient Property Credit


Updated: January 6, 2017

ROTH IRA Conversion (Traditional to Roth)


Updated: January 12, 2019

Sales Tax Deduction


New: January 12, 2019

Standard Deduction


Updated: January 6, 2017

Substantiation Requirements - Receipts and Mileage logs


Updated: January 12, 2018

SUV Deduction, $25,000 limit