2019 January News

Partial Government Shutdown Impacts IRS

Although most Americans have not felt the impact of the recent government shutdown, now closing in on three weeks in length and making it the second longest shutdown in US history, this impact may soon change as tax filing season is less than a month away.   With the recent partial shutdown “non-essential government workers” have… Continue reading Partial Government Shutdown Impacts IRS

2019 January News

Tax & Financial Planning Calendar for January 2019

Month Income Taxes Saving and Investing JANUARY 4th quarter 2018 estimates due 1/15/19 Expect to receive W-2s and 1099s by January 31, 2019 Review your withholdings for 2019, and, if necessary, file a new W-4 Form with your employer to adjust your withholding Prepare a W-2 for your Nanny by January 31st if you paid… Continue reading Tax & Financial Planning Calendar for January 2019

2019 January News

IRS Issues Standard Mileage Rates for 2019

From IR-2018-251, December 14, 2018 WASHINGTON - The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or… Continue reading IRS Issues Standard Mileage Rates for 2019

2019 January News

Tesla tax credit will be limited beginning January 1, 2019

Is one of your New Year’s resolutions trading in your current automobile for a new environmentally friendly vehicle? One of the more popular “green” vehicles available for purchase has been a Tesla. The purchase of a qualifying Tesla made prior to 2019 qualified a taxpayer to claim a plug-in electric motor vehicles tax credit in… Continue reading Tesla tax credit will be limited beginning January 1, 2019