Year-End Client Letter: Current Requirements for Documentation and Reporting

 

Dear Friends and Clients of Blue & Co.:

It is that time of year again when we take this opportunity to provide you with some reminders and information regarding the current requirements for documenting and reporting various items that have come about as a result of various tax provisions, and other important information that could potentially affect reporting for you or your business.

If you should have any questions about this information, please contact us. We would be happy to discuss these items as they relate to you and your business. Thank you for allowing us to serve you as we head into 2019.

 

Click here to view/download our 2018 year-end client letter covering current requirements for documenting and reporting.

2019 – Significant Tax Law Changes for Individuals

Significant Tax Law Changes for Individuals in 2019

As the result of the Tax Cuts and Jobs Act (TCJA), many changes to the tax law went into effect in 2018 and either apply through 2025 or are now permanent. However, there are two major changes enacted by the TCJA which take effect beginning in 2019. Here’s a closer look. 1. Medical Expense Deduction […]

Learn More
What’s Your Business Exit Plan_ Make It Part Of Your Tax Planning.

What’s Your Business Exit Plan? Make It Part Of Your Tax Planning

It may seem odd to develop a business exit plan this soon, but you must look out for your own financial future. You have to consider your company’s income and expenses and applicable tax breaks (especially if you own a pass-through entity). For example, you need to develop an exit strategy so taxes do not […]

Learn More

IRS Waives Penalty for Some Who Underpaid Their Taxes in 2018

If you didn’t adjust your withholdings or estimated tax payments in 2018 and now owe tax, you could qualify for penalty relief. On January 16, 2019, the Internal Revenue Service announced that it is generally waiving the estimated tax penalty for taxpayers who have paid at least 85% of their total tax liability during the […]

Learn More