by Lisa Monk & Associates LLC | Sep 27, 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 Lisa Monk & Associates LLC | Sep 26, 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 Lisa Monk & Associates LLC | 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 Lisa Monk & Associates LLC | 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 Lisa Monk & Associates LLC | Sep 12, 2019 | Tax Tips and News
IRS Tax Tip 2019-123, September 9, 2019 Questions about tax payments and penalties come up all year long. Taxpayers can find most answers to these questions on IRS.gov. They can head over to the Let Us Help You page, which features links that take users to information...
