Avoiding Tax and Identity Fraud

Identity theft related to tax fraud has decreased by an estimated two-thirds since 2015, according to a report from the IRS. Despite the increase in enforcement activities, thousands of taxpayers fall victim to scams every year. Read our last post on 2019 Dirty Dozen Tax Scams. Businesses are not immune to tax fraud or identity … 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

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 →