IRS Withholding Woes: 2019 Tax Season Off to a Rocky Start

If you’re used to a big tax refund each spring, don’t make plans for this year’s refund just yet. Millions of Americans who already stated filing their taxes anticipating a refund are getting noticeably less. Some taxpayers even owe money when nothing changed in 2018. What did change in 2018 was tax withholding. And with … Continued →

How Will the Government Shutdown Affect Tax Season?

The U.S. government was partially shut down on December 22, 2017 and was recently reopened last week; a record-breaking length of time. Although most of the damage to the economy will be reversed as federal workers return to their jobs, the CBO estimated $3 billion in economic activity is permanently lost. How will this affect tax … Continued →

Important Changes for 2019 Tax Season: Business Edition

Check out our previous post to download the infographic that covers important tax changes for individuals. Business Tax Updates  The two biggest updates to business taxes in 2018 contained changes benefiting small and large companies. The 20 percent pass-thru entity deduction, also known as the Qualified Business Income Deduction or Section 199A, applies to businesses … Continued →

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Important Changes for 2019 Tax Season

2018 was the first year that most of the changes from the Tax Cuts and Jobs Act took effect. For the first time, we’re seeing the results on tax returns. Here’s a snapshot of the major changes that happened in 2019. Tax Brackets One of the biggest changes in 2018 concerned tax brackets. There are … Continued →

2019 Tax Season Calendar

2019 Tax Season is here! Don’t get disorganized – know when you need to file and prepare key tax documents ahead of time. Naden/Lean has prepared a handy reference for 2019 tax season due dates. Bookmark this page for easy access. January 15th Individuals should make an estimated tax payment for the fourth quarter of … Continued →