Proposed Regs Provided for Code Sec. 163(j) Limit
The IRS has proposed regulations on the limitation on the business
interest expense deduction under Code Sec. 163(j), as amended by
the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). The IRS also has
Deductions Denied to Medical Marijuana Dispensary
A nonprofit corporation that operated a medical-marijuana
dispensary legally under California law was not allowed to claim
deductions for business expenses on its federal return. Code Sec.
2019 Standard Mileage Rates Released
The IRS released the optional standard mileage rates for 2019. Most
taxpayers may use these rates to compute deductible costs of
operating vehicles for:...
Proposed Regs Address Foreign Tax Credit Changes
Highly anticipated foreign tax credit regulations have been issued
that provide guidance on the significant changes made to the
foreign tax credit rules by the Tax Cuts and Jobs Act ( P.L.
Guidance on 2019 Withholding Rules
The IRS has provided interim guidance for the 2019 calendar year on
income tax withholding from wages and withholding from retirement
and annuity distributions. In general, certain 2018 withholding
In Loving Memory
It is with a heavy heart we must inform you that "Shirley Bolt" the namesake of "Shirley's Accounting" passed away on October 13, 2018. Shirley and her staff have been providing quality tax and acounting services in the Phenix City, Columbus, Fort Benning and surrounding area for more than thirty years. Shirley will be greatly missed by her family, staff, friends, clients and business partners.
The family and staff of Shirleys's Accounting are happy to inform you that we will continue to provide the same friendly service Shirley's Accounting has been providing for many years. Our tax preparers are the same friendly faces that have been working with you under the guidance of Shirley for more than twenty years and have the experience and continued training necessary to provide fast, friendly, and accurate tax and bookkeeping needs.
Please feel free to contact us by phone or email with any question or comments you may have - we'd love to hear from you. We pride ourselves on being proactive and responsive to our clients inquiries and suggestions.