January 2019 - Page 3 of 3

Jan
03
2019

Step Up Cyber Security

Time to step up cyber security. The IRS and others have worked to strengthen their security systems, and are urging the public to help. “To make these defenses stronger, we need taxpayers and tax professionals to take common-sense steps to protect their data and make it harder for identity thieves. By using better passwords, people can help themselves and the tax community against identity theft,” said IRS Commissioner, Chuck Rettig. New guidance for creating strong passwords suggests using a meaningful “passphrase.” Here are the details: https://bit.ly/2PkvdM6

Jan
01
2019

Sole Proprietorship newly released instructions for Schedule C

If you’re the owner of a sole proprietorship, listen up! Newly released instructions for Schedule C, Form 1040, reflect many of the key tax changes that apply to sole proprietors for tax year 2018. These changes, enacted by the Tax Cuts and Jobs Act, include accounting method liberalizations, limitations on deductions for business interest and business losses, a new deduction for qualified business income, and restrictions on deductions for business meals and entertainment expenses. Read the complete IRS-issued instructions here: http://bit.ly/2v0zJKU

Jan
01
2019