The new tax reform laws have inspired a variety of emotions in businesses and business owners across the country. Depending on how big your business is and where you live, the tax reform laws have created confusion, elation, disappointment, celebration and frustration. If you happen to live in states like New Jersey and New York,… Read more »
Posts Categorized: Business
ProfessionalTaxSoftwareReviews.com provides eye-opening information gathered by a Jackson Hewitt Survey
The survey taken by Jackson Hewitt, within one week of tax day, discovered that roughly 3/4 of responding taxpayers had yet to revise the withholdings amounts on their paychecks. The survey was taken by over 1200 American adults. In light of the results of this survey, inaccurate withholding numbers could be reflected in many taxpayers’… Read more »
Sigma Tax Pro explains IRS plan to earmark close to $300 million for tax reform supporting resources
The IRS plans to renovate over one hundred of its computer systems as well as produce hundreds of new forms, instructional guides and publications to help with the administration of the new tax law, as per the spending plan published by the Wall Street Journal. The new plan will require over 500 extra hours of… Read more »
ProfessionalTaxSoftwareReviews.com provides information on IRS plan to better meet the evolving needs of the tax community
The new IRS Strategic Plan was developed to more effectively guide the agency’s operations, while also meeting the evolving needs of all members of the tax community. Acting IRS Commissioner, David Kautter explains that providing better service to taxpayers is a vital component of the agency’s mission, and that the new strategic plan will help… Read more »
Sigma Tax Pro provides information published by the IRS on the agency giving relief from transition tax on foreign earnings
Earlier this week, the IRS confirmed that it will be foregoing late payment penalties as per section 965 of the new tax code. Section 965 was implemented as a part of the Tax Cuts and Jobs Act in December of 2017, calling for a transition tax on untaxed foreign income of offshore companies owned by… Read more »
