01/21/2019
IMPORTANT!!!
We're still learning how the tax law is playing out and what it all means. It is the biggest overhaul of the federal code in 30 years!!!! The tax law is over 1,000 pages long. IRS still hasn't finalized regulations based on the statutes received from Congress. There are MANY regulations to come even throughout tax season. Plus, IRS is still faced with the shutdown.
1. This ambiguity will make this tax season MORE GRUELING than ever.
2. Tax return preparation WILL TAKE LONGER, as our work needs to be double and triple checked manually, since all tax softwares are lacking functions and final regulations.
3. Tax returns WILL BE MORE EXPENSIVE as they will require more analysis and manual work.
4. Make sure GET US ALL THE DOCUMENTS as early as possible so that we can start reviewing HOW THE NEW TAX LAWS IMPACT YOUR SITUATION.
If you have questions, please email me at [email protected].
Stay tuned.........