by Patricia Parrilla Tax Services | Nov 27, 2019 | Tax Tips and News
While some parts of the U.S. will be glad to see sunny skies, other areas remain in a drought situation. Parts of the far west, Texas, the south, and Alaska and Hawaii—even parts of Puerto Rico—are dealing with officially declared drought conditions, according to the...
by Patricia Parrilla Tax Services | Nov 12, 2019 | Tax Tips and News
The Internal Revenue Service has released cost-of-living adjustments for tax year 2020, covering dollar limitations for pension plans and other retirement-related items. The changes are covered in IRS Notice 2019-59, now posted on IRS.gov. Change Highlights One of the...
by Patricia Parrilla Tax Services | Nov 9, 2019 | Tax Tips and News
A recent Internal Revenue Service press release revealed the tax year 2020 annual inflation adjustments, which affect a number of tax items, including marginal tax rates, the Alternative Minimum Tax, the Earned Income Credit, and more. While the IRS notes that there...
by Patricia Parrilla Tax Services | Nov 5, 2019 | Tax Tips and News
In a matter of weeks the 2020 filing season will be underway. To help ensure that taxpayers don’t get caught unprepared, the IRS is recommending everyone to act now to avoid any tax-time surprises and ensure smooth processing of 2019 tax returns. As part of a series...
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