How Will the Government Shutdown Impact Income Tax Filing?

How Will the Government Shutdown Impact Income Tax Filing?

Someone once said the only two sure things in life are death and taxes. The old adage holds true as the IRS has announced that despite the ongoing government shutdown, tax season for individuals will officially begin on January 28 as planned and the IRS will begin accepting and processing electronically (e-filed) and “traditionally filed” (paper-filed) individual tax returns on such date.

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Due Date for Filing Forms 1099-MISC

Due Date for Filing Forms 1099-MISC

The IRS has issued a press release, reminding employers who report compensation to “contract employees” or otherwise need to report Non-Employee Compensation (NEC) on Form 1099-MISC that there have been changes made regarding the due date for filing such form for 2018.

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New York City Real Property Assessments and Appeals

New York City Real Property Assessments and Appeals

The Tax Commission of the City of New York releases new real estate tax assessments every year. From January 15 through March 1, an application for a correction of the assessed value may be filed with the Tax Commission of the City of New York.

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Make Tax Filing Easier with the Right Records

Make Tax Filing Easier with the Right Records

Providing your tax preparer with a comprehensive package makes his or her job easier, reduces the likelihood of audit-triggering errors,and may even save you some money.

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Small Business Tax Deduction has CPAs Scratching Their Heads

Small Business Tax Deduction has CPAs Scratching Their Heads

Millions of small business owners will be in uncharted waters this tax season as they try to determine if they qualify for a deduction that could exempt one-fifth of their income from taxes.

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Jesus Socorro Elected Vice Chair of Florida Board of Accountancy

Jesus Socorro Elected Vice Chair of Florida Board of Accountancy

Jesus Socorro, Managing Principal of MBAF’s Risk & Transaction Advisory practice, has been elected Vice Chair of the Florida Board of Accountancy.

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The Great Recession: 10 Years Later

The Great Recession: 10 Years Later

Consulting contributor to MBAF and former regional executive of The Federal Reserve Bank, Juan Del Busto, offers his insights on the “Great Recession,” which ran from December 2007 until June 2009. Juan discusses how the recovery has been slow and has varied across the economic sectors. His intuitive report examines these sectors to assess where we were, what has transpired since, and where we are today.

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