Tag Archive for: taxpayers

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2018 Tax Reform Law Doubles Child Tax Credit

Have you read the new tax reform law yet? Officially called the Tax Cuts and Jobs Act (TCJA), the new tax reform law is more than 500 pages long, so we’ll spare you the gory details. Most of the key provisions likely to affect individual…
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Congress passes tax reform

The House of Representatives passed H.R. 1, known as the Tax Cuts and Jobs Act, a second time on Wednesday, by a vote of 224–201, after procedural objections were raised about the version of the bill the House passed Tuesday afternoon. The…
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If IRS Letter arrives in the mail?

The IRS mails millions of pieces of correspondence every year to taxpayers for a variety of reasons. Below are some suggestions on how to best handle a letter or notice from the IRS: Do not panic. Simply responding will take…