by Patricia Parrilla Tax Services | Sep 26, 2019 | Tax Tips and News
Taxpayers interested in taking the section 199A qualified business income deduction (QBI) for their rental property will be happy to learn that the IRS announced a finalized safe harbor rule this week. QBI was introduced in the Tax Cuts and Jobs Act as tax relief for...
by Patricia Parrilla Tax Services | Sep 25, 2019 | Tax Tips and News
While current weather patterns point to an active hurricane season, the IRS wants taxpayers to know that disaster assistance and tax relief measures are in place should a natural disaster strike. Before the Internal Revenue Service can authorize tax relief, though,...
by Patricia Parrilla Tax Services | Sep 13, 2019 | Tax Tips and News
IRS Tax Tip 2019-126, September 12, 2019 Tax professionals should review their security measures and create a data theft recovery plan. This plan can help save valuable time and protect tax professionals and taxpayers after a data theft (PDF) . One of the first things...
by Patricia Parrilla Tax Services | Sep 12, 2019 | Tax Tips and News
For some taxpayers paying estimated taxes who have filed their 2018 tax returns there’s a little bit of bad news—and some good news. The bad news is they failed to claim the special waiver that would have spared them from the estimated tax penalty mandated when...
by Patricia Parrilla Tax Services | Sep 11, 2019 | Tax Tips and News
Owning your own business can be a very rewarding experience. The process of starting a business, however, can seem overwhelming to the uninitiated. There are so many choices to consider – from business plans to market strategies and tax responsibilities. The IRS has...
Patricia Parrilla Tax Services