Monthly Archives: December 2017
Education-Related Tax Benefits
Over the past decade, higher education has become more and more expensive, making it especially important for parents and students to take advantage of available education-related tax benefits. If you or your child are thinking about applying for college, you should consider speaking with an experienced tax attorney who can help you apply for… Read More »
Avoiding Tax Penalties
Every year, as many as ten million people are assessed estimated tax penalties. Fortunately, there are a number of steps that taxpayers can take to reduce or even eliminate tax penalties. To learn more about these strategies and whether they can be applied to your own situation, please contact an experienced tax attorney who… Read More »
Tax Deductions for Teachers
Although taxes may not be on the minds of most teachers and administrators this early in the school year, knowing which expenses to keep track of can actually end up saving them a significant amount of money when tax season does roll around. In fact, there are a number of major work-related tax deductions… Read More »
IRS Announces Tax-Related Inflation Adjustments
Recently, the IRS released the annual inflation adjustments for 2018’s tax rate schedules. These adjustments are generally used on returns filed in 2019, so if you have questions about how this information could affect next year’s taxes, please call today to speak with a dedicated tax attorney who can assist you. Deduction Thresholds … Read More »
Renewing a Foreign Financial Institution Agreement
Last week, the IRS officially urged foreign banks and other financial institutions to renew their Foreign Financial Institution (FFI) agreements. Those who are required to renew these agreements, but fail to do so by October 24 could be removed from the IRS’s official list and will also be subject to a 30 percent withholding… Read More »
