Are you paying in enough taxes for 2019?

By |2019-06-10T12:25:02-04:00June 10th, 2019|Employees, Employees & Independent Contractors, Individual Income Tax, Tax Payments|

Source: IRS.gov All taxpayers should check their withholding ASAP All taxpayers should check their withholding – also known as doing a Paycheck Checkup – as soon as possible. They should do a checkup even if they did one last year. By checking their withholding, taxpayers can make sure enough is [...]

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Taxpayers must report health care coverage on 2018 tax return

By |2019-03-07T16:27:39-05:00March 11th, 2019|Health Care Reform, Individual Income Tax|

IRS.gov  -  Tax Reform Tax Tip 2019-20 As taxpayers are completing their 2018 tax returns this year, they must complete the lines related to health care. For tax year 2018, the IRS will not consider a return complete and accurate if individuals do not do one of the following on [...]

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IRS extends April 15, other upcoming deadlines for Alabama storm victims, provides other tax relief

By |2019-03-07T16:28:08-05:00March 7th, 2019|News Articles|

IRS Issue Number:    IR-2019-31 Victims of Sunday’s tornadoes and severe storms in Alabama have until July 31, 2019, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. The IRS is offering this relief to any Major Disaster Declaration area designated by the [...]

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Here are five facts about the new Form 1040

By |2019-02-25T16:36:55-05:00February 25th, 2019|Employees, Forms, Individual Income Tax|

Source:  IRS.gov Tax Tip 2019-13 There are several changes to the 2018 Form 1040. However, taxpayers who file electronically may not notice the changes as the tax return preparation software guides people through the filing process. The IRS worked closely with its partners in the tax return preparation and tax software [...]

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AFSG 2019 New Location

By |2019-02-18T02:13:11-05:00February 1st, 2019|AFSG|

We moved our office (but not far) to the north side of East Hillsboro Blvd. Please call today to make your tax appointment with Lauryn! 461 E Hillsboro Blvd Suite 200 Deerfield Beach FL 33441  

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Section 199A Flowchart Example

By |2020-01-04T22:36:51-05:00January 4th, 2019|Individual Income Tax, Tax Cuts & Jobs Act|

Beginning 2018, eligible taxpayers may be entitled to up to a 20 percent deduction from Qualified Business Income, thus lowering their taxable income and federal tax due. This law was passed to help some small business entities receive a similar tax break as the “C” Corporations are receiving.  Below is [...]

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Summary of H.R.1 – Tax Cuts & Job Act

By |2019-12-11T11:24:15-05:00December 11th, 2018|Tax Cuts & Jobs Act|

Below is a brief list of changes to the tax law that may or may not impact you. This list is not complete. Some tax changes are permanent, some are not, and many have exceptions. Your specific situation must be reviewed. We recommend every taxpayer invest in our tax planning [...]

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Did you file an Extension?

By |2018-08-30T10:44:59-04:00August 30th, 2018|Individual Income Tax, Penalties and Interest, Tax Payments|

Source: IRS.govSix things for extension filers to remember Oct. 15 is almost here, and it’s the last day to file for most people who requested an automatic six-month extension for their 2017 tax returns. These taxpayers should remember that they can file any time before Oct. 15 if they have [...]

Recent changes to moving, mileage and travel expenses

By |2018-06-12T01:38:02-04:00June 12th, 2018|Individual Income Tax, News Articles, Tax Cuts & Jobs Act|

source: IRS.govThe Tax Cuts and Jobs Act includes changes to moving, mileage and travel expenses: Move-related vehicle expense The new law suspends the deduction for tax years beginning after Dec. 31, 2017, through Jan. 1, 2026. During the suspension, no deduction is allowed for use of an auto as part [...]

Tips for Taxpayers Who Have to Amend a Tax Return

By |2018-04-25T09:57:37-04:00April 25th, 2018|Individual Income Tax, Penalties and Interest, Tax Payments|

Source: IRS.govTaxpayers who discover they made mistakes or omissions on their tax return can correct them by filing an amended tax return. Those who need to amend should remember these tips: File using paper form. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct the tax return. Taxpayers [...]

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