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J & D Income Tax
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Although the Tax Cuts and Jobs Act (TCJA) that was recently enacted has promised to cut taxes for most Americans, some experts are saying that more taxpayers will owe taxes in 2019.  The Tax Cuts and Jobs Act (TCJA) was signed into law last year, with the…
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People who are over the age of 45 often feel that they are too old to change careers, but that’s not always the right assumption. In today’s economy it’s not just young people who are job hopping. According to a study done by The American Institute for…
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There’s been a few large lottery payouts recently and a lot of people wonder what would happen if they were lucky enough to win. If you win one of the big lottery jackpots, you’ll be an instant millionaire regardless of how much taxes you end up paying.…
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At first glance it may seem like good news that there has been a recent drop in the amount of tax fraud cases being prosecuted by the IRS. But the truth is that the drop in tax fraud case is probably due more to other circumstances rather than that there…
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Nobody likes to pay taxes and it gets even tougher when you hear things like the people wo make all the money pay less taxes than you do. But things may not always be as they seem. Top earners don’t always get away with paying less taxes then those who…
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There’s still some time to go before tax time but people are already preparing and planning for that deadline. For most people there is plenty of time to file taxes but sometimes for what ever the reason some people need a little more time. For these…
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Any time people have to pay more taxes on anything they don’t like it. California’s recent gas and car taxes are a good example of a controversial tax which has been causing a lot of uproar recently. So strong is the negative sentiment on this tax that a…
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Reporting the names and addresses of substantial donors has been a burden to both tax-exempt orgs and the IRS for some time and the IRS has finally decided to do something about it.   With the issuance of Rev. Proc. 2018-38, the IRS seeks to alleviate the…
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The enactment of the Tax Cuts and Jobs Act caused some major changes to the U.S. tax laws and along with the changes there has been much confusion. There have been myths and rumors circulating about what the new tax laws may mean to certain individuals.…
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Nobody wants to have an unpleasant surprise when tax time comes around. Finding out you owe more money than you thought is a real bummer. That’s what can happen if you aren’t withholding the correct amount of taxes from your paychecks.   According to a…
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