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Author: Joe Romano

The Department of Labor Proposes Updated Overtime Rule

There’s been much upheaval over the overtime exemption rule since the last one went into effect in 2004. The Department of Labor has issued a proposed update to the rule, but it’s unclear if it…

2019 Tax Calendar

  To help you make sure you don’t miss any important 2019 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us…

IRS Provides QBI Deduction Guidance In The Nick Of Time

When President Trump signed into law the Tax Cuts and Jobs Act (TCJA) in December 2017, much was made of the dramatic cut in corporate tax rates. But the TCJA also includes a generous deduction…

IRS Waives 2018 Underpayment Tax Penalties For Many Taxpayers

The IRS has some good news for certain taxpayers — it’s waiving underpayment penalties for those whose 2018 federal income tax withholding and estimated tax payments came in under their actual tax liabilities for the…

Federal Government Shutdown Creates Tax Filing Uncertainty

The IRS has announced that it will begin accepting paper and electronic tax returns for the 2018 tax year on January 28, but much remains to be seen about how the ongoing shutdown of the…