For the majority of people, determining what state your legal domicile is in is really quite simple; it’s the one home that you own or rent, and your only residence. Because this is so straightforward for most people, very few individuals put much thought into...
When you move to a new home, it seems as if there are countless entities that you need to inform of your new address. Amid that long list, it can be easy to forget about updating the IRS regarding your relocation. Even if the thought...
When it comes to your 2018 taxes, most things can’t be changed. Most numbers pertaining to your tax return are already set in stone, and the majority of things you can do to reduce your tax liability expired when the ball dropped on New Year’s...
The IRS officially started accepting electronically filed tax returns on January 28th. If you still haven’t filed your tax return, then now is the time to do it. While you technically have almost two full months to file your return without worrying about a late...
As Utah taxpayers begin to prepare their 2018 tax returns, many are finding themselves shocked by a sudden increase in their tax liability. The Tax Cuts and Jobs Act, passed at the end of 2017, went into effect during the last tax year; the sweeping...
When filing your taxes, it’s important to take advantage of every deduction and credit you may qualify for. This is the best way to reduce the amount you owe in taxes, and possibly maximize your tax refund. But if you’re offered the choice between a...
Earlier this week, the IRS posted a notice stating that they would be waiving many estimated tax penalties this year. The Tax Cuts and Jobs Act—which applies many changes to your taxes this year—caused many individuals to have less withheld from their paychecks, which may...
This tax season is going to be an interesting one. Not only is this the year that many tax reform laws go into effect, but it’s also beginning with an indefinite government shutdown. This can make filing your return this year a daunting and somewhat...
As most people know, the federal government is currently under a partial shutdown due to a stalemate between President Trump and Congress over a federal spending deal. But now that tax season is underway, you may be wondering how this shutdown will impact your tax...
ABLE accounts are specialty savings accounts for individuals with disabilities and their family members. These accounts were introduced in 2014, as a result of the ABLE Act, and are designed to help individuals with disabilities and their families establish a savings to help with the...
