Increased Business-Vehicle Deductions Due to Tax Reform
The Tax Cuts and Jobs Act of 2018 and other tax reforms have brought about significant changes in the way that vehicle use is deducted for business purposes. Before getting…
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Tax Tips for IRA Owners
There are both opportunities and pitfalls for IRA owners, and while you definitely don’t want to get caught up in a pitfall, you may want to take advantage of the…
Tax Time Is Here! Are You Ready?
Tax time is here, and if you are like most taxpayers, you are finding yourself with the ominous chore of pulling together the records for your tax appointment. The difficulty…
Getting the W-4 Right Is Important
As they do at the beginning of every year, employers will be requesting employees to complete the IRS Form W-4. Its purpose is to provide employers with the information they…
IRS Giving a Break to Some Taxpayers Who Under-prepaid Their 2018 Taxes
Taxpayers are required to pre-pay their taxes for any tax year through payroll withholding, estimated tax payments or a combination of the two. Employees and retirees generally accomplish this through…
Important – Rental Owners! Guidance Related to the 20% Pass-Through Deduction
Ever since tax reform was passed, over a year ago, taxpayers have been uncertain whether rental property will be classified as a trade or business for purposes of qualifying for…
Announcing the Results of Our Client Satisfaction Survey Score
Lutz, Selig & Zeronda L.L.P. is excited to announce the results of this year’s client satisfaction survey. Our overall score of 93 indicates both that our clients are highly satisfied…
IRA Missteps to Avoid
If you have an IRA account or are considering one, there are a number of potential missteps you will want to avoid. Some of them can lead to unwanted taxes…
Big Changes for Vehicle Tax Deductions
In the past, the business use of a vehicle was determined either by using the standard mileage rate for business or using actual expenses plus vehicle depreciation limited by the…
States Sue U.S. to Void $10,000 Cap on State and Local Tax Deduction
Four states – New York, Connecticut, Maryland and New Jersey – have sued the federal government to void the tax-reform cap on the federal itemized deduction for state and local…