Archive for the Tax Documents Category

401(k) limit changes from the IRS

From the IRS: 401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500 WASHINGTON — The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in

Read 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

Tax Reform Bill: Changes to Expect

On December 28, 2017, we posted some information on the new tax reform bill,H.R.1, the Tax Cuts and Jobs Act, passed by Congress on December 20, 2017.  Many of you are concerned about how the new bill will affect you—especially if you normally use itemized deductions (greater than the

Read more

New 2017 Mileage Rates from the IRS

Did you know that the IRS has released new standard rates for business, medical, and moving related mileage? Be sure to check out the full details by clicking here. And as always, if you have any questions, please give us a call. We’re here to help!

Read more

10 IRS Red Flags: Are you in danger of an audit?

Did you know that there are several critical red flags in your tax return that will almost certainly draw higher scrutiny by the IRS? It’s true—the Internal Revenue Service uses both automated and human processes when selecting which tax returns to audit. Each return is compared with

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
Open all day Fridays during tax season:
Jan. – Apr. 16 and Sept. – Oct. 16
4004 Gateway Dr Ste 180
Colleyville, TX 76034
(817) 545-1277