News

Thank you for voting us Tops!

McIlVainAssociates_Jan19low-resRead more

Tax reform brought significant changes to itemized deductions

FROM THE IRS: Tax law changes in the Tax Cuts and Jobs Act affect almost everyone who itemized deductions on tax returns they filed in previous years.  One of these changes is that TCJA nearly doubled the standard deduction for most taxpayers. This means that many individuals

Read more

Safekeeping Tax Records

With the tax filing season quickly approaching, it’s a good time to re-visit how long to keep tax returns and other documents. The IRS generally recommends keeping copies of tax returns and supporting documents at least three years. Employment tax records should be kept at least four

Read more

GOOD NEWS FOR 2019 in retirement funding!

On November 1, IRS issued Notice 2018-83, providing the cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. Highlights include the increased contributions limits for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s

Read more

NOTICE to Taxpayers with high incomes and complex returns

Taxpayers with high incomes, complex returns:  Check withholding soon to avoid a year-end tax surprise WASHINGTON — The Internal Revenue Service today urged high-income taxpayers and those with complex tax returns to check their withholding soon to avoid an unexpected tax bill or penalty when they file

Read more

Professional Certifications

Hours & Location

Mon-Th 8:30 am - 5:00 pm
(closed 12 - 1 pm for lunch)
Fri 8:30 am - 12:00 pm (Jun - Aug)
4004 Gateway Dr Ste 180
Colleyville, TX 76034
(817) 545-1277