tax filing – Page 3 – The Burns Firm – Advisors of Complex Financial Matters

Why You Shouldn’t Wait to File Your 2018 Income Tax Return

February 7th, 2019|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Preparation, Tax Return, TCJA|Tags: 2018 tax return preparation, 2018 tax year, CPA, IRS, tax, tax filing, tax return preparation, TCJA, The Burns Firm|

The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline, this year consider [...]

Depreciation-related Breaks on Business Real Estate: What You Need to Know When You File Your 2018 Return

January 31st, 2019|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: Accounting, CPA, depreciation related tax breaks, tax, tax breaks, tax credits, tax filing, tax return preparation, TCJA, The Burns Firm|

Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation period. (Land isn’t depreciable.) [...]

A Refresher on Major Tax Law Changes for Small-Business Owners

January 8th, 2019|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: business taxes, CPA, deductions, preparing for 2019, tax, tax breaks, tax filing, Tax law changes, tax law changes for small businesses, Tax planning, tax return preparation, TCJA, The Burns Firm|

The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. [...]

2018 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

September 13th, 2018|Categories: Accounting, Burns Firm, C Corporation, Services, Tax, Tax Preparation, Tax Return|Tags: 2017 tax filing deadline for extensions, C corp, C Corporation, FICA taxes, IRS, Q4 tax deadlines, tax, tax filing, The Burns Firm|

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may [...]

Tax deduction for moving costs: 2017 vs. 2018

February 27th, 2018|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: Accounting, deductions, expense, IRS, Moving expense, tax, tax filing, tax preparation, tax return, TCJA, The Burns Firm|

If you moved for work-related reasons in 2017, you might be able to deduct some of the costs on your 2017 return — even if you don’t itemize deductions. (Or, [...]