by DMJPS PLLC | Mar 17, 2020 | News, Tax Watch
March17,2020 Individual and certain corporate tax returns are due April 15. In the past, even if an extension was obtained, any projected tax owed had to be paid at that time or late payment penalties and interest would be assessed. On March 17, 2020 the IRS announced...
by Caren Rodriguez | Mar 4, 2020 | Tax Watch
If you own a home, the interest you pay on your home mortgage provides a tax break. However, many taxpayers believe that any interest paid on their home mortgage loan is deductible. Sadly, they’re wrong. With the 2019 tax returns due next month, it is a good...
by DMJPS PLLC | Feb 10, 2020 | Tax, Tax Consulting, Tax Watch
The passage of the Tax Cuts and Jobs Act of 2017 (TCJA) created additional opportunities for taxpayers to choose the cash method of accounting as the definition of a small business taxpayer. For 2019, small business taxpayers are taxpayers (other than a tax...
