Increase in standard deduction

The new tax bill increases the standard deduction to $12,000 for individuals and $24,000 for married couples. As a result, some taxpayers may wish to accelerate their itemized deductions into 2017 because they will no longer be able to itemize in 2018. In addition, in...

Beware of fake IRS notices

I’ve previously posted to ignore any threatening phone calls allegedly from the IRS. We are now becoming aware of a scam where people are sending out fake IRS notices requesting money. You need to talk with a tax professional before you answer any IRS notice...