by Lynda Startzman | Dec 20, 2017 | Razorback News, Tax Information
Much anticipated repeal of the penalty for not having insurance is in the new tax bill. However, it is not effective until 2019. The penalty still applies for 2017 and...
by Lynda Startzman | Dec 20, 2017 | Tax Information
New for 2018, if you pay alimony, you will not be able to deduct it and the recipient will not claim as...
by Lynda Startzman | Dec 20, 2017 | Razorback News, Tax Information
The new tax bill eliminates deductions for businesses for entertainment. No more dues to golf clubs, etc. The new bill leaves the 50% deduction for meals for work travel, but reduces the 100% meal deduction for “in-house” or “for the benefit of the...
by Lynda Startzman | Dec 20, 2017 | Razorback News, Tax Information, Uncategorized
The new tax bill eliminates “unreimbursed employee expenses”. This will impact truck drivers, sales persons and real estate professionals, just to mention a few. If you drive to a “temporary” job site, you will not be able to deduct your...
by Lynda Startzman | Dec 20, 2017 | Razorback News, Tax Information
The new tax bill eliminates the deduction for moving expenses beginning in 2018. If you need to move more than 50 miles for a new job, you need to get a move on before 12/31/2017! Except for Military personnel and...