Starting April 1, online retailers in Tennessee will begin collecting sales tax on purchases made on out-of-state sales. The move is based on a 2018 U.S. Supreme Court ruling (South Dakota v. Wayfair) that said states can force online retailers to collect sales tax on items...
Why use a local tax service? On average it takes 16 hours to gather all your documents and file a return. But if you have a more complex economic life, it will cost you time and money. Therefore, if you have more complicated filings, like multiple jobs,...
Confused about IRS tax forms? There are so many. You could say “There’s a form for that” but we are going to look at the most common forms used in filing personal income taxes. If you need more information about other IRS forms, visit IRS.gov. (Links...
DVF Tax Preparation Checklist for 2019 The Tax Cuts and Jobs Act of 2017 made robust changes to the nation’s tax laws and some will impact what you need to file your taxes in 2019. The one change that will likely impact most families is the increase...
Choosing a certified public accountant will provide longterm benefits It’s never too early to start thinking about what tax service to use to file your income taxes. In fact, you may be deciding whether to use a free service or a certified public accountant for your 2018...
End of year is ideal time to prepare for tax season It’s never too early to get ready for tax season. And really, tax preparation season in the United States will get here before you know it. To help you prepare for tax season, below are...
Estate tax and gift taxes are part of tax overhaul The Tax Cuts and Jobs Act of 2017, enacted in December 2017, touched so many pieces of our tax law, the Internal Revenue Service is still issuing guidance on how the reforms will impact individuals and...
New regulations regarding deductions on meals and entertainment The Tax Cuts and Jobs Act of 2017, enacted in December 2017, touched so many pieces of our tax law, the Internal Revenue Service is still issuing guidance on how the reforms will impact individuals. The 400-page bill was...
How the Tax Cuts and Jobs Act affects your credits The Tax Cuts and Jobs Act of 2017, enacted in December 2017, touched so many pieces of our tax law, the Internal Revenue Service is still issuing guidance on how the reforms will impact small businesses. The...
The Tax Cuts and Jobs Act of 2017 was the biggest tax overhaul in two decades and its impacts on individual taxpayers are wide-ranging. Here’s how the Tax Reform bill will affect your credits and deductions. Child tax credits The Tax Reform increased the maximum credit and the...