Tax Tag

Following the implementation of the Tax Cuts & Jobs Act, many taxpayers were confused as to how these measures would affect their 2018 tax return; expecting less tax liabilities and larger refunds. Plan now for 2019 - check out the link here: http://bit.ly/2Vrv7p2  for tax withholding strategies...

Generally, profits from selling assets such as securities and real estate held in taxable accounts are classed as long-term if the holding period was longer than one year. Tax rates on long-term capital gains are zero, 15, or 20 percent, depending on the seller’s income. To...

Employers: For Social Security, Medicare, and withheld income tax, file IRS Form 941 for the first quarter of 2019. This due date applies only if you deposited the tax for the quarter in full and on time....