Posts by zestsms
Five Tax Breaks That Survived Tax Reform
Recent tax reform legislation affected many provisions in the tax code. Many were modified, either permanently or temporarily, while some were repealed entirely. Here are five that survived. Mortgage Interest…
Read MoreTax Filing Season Begins; Tax Returns Due April 17
Nearly 155 million individual tax returns are expected to be filed in 2018, according to the IRS, which began accepting electronic and paper tax returns on Monday, January 29, 2018.…
Read MoreIRS Warns of New Filing Season Scam
The IRS is seeing an emergence of a new scam this filing season. This new scam involves the filing of fraudulent returns using taxpayers’ real information such as income, dependents,…
Read MoreLate-Filing Penalty Relief for Partnerships
The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (Surface Transportation Act) changed the date by which a partnership, real estate mortgage investment conduits (REMICs), or other…
Read MoreSafe Harbors Help Taxpayers Suffering Property Losses
Safe harbor methods are used by individual taxpayers when determining the amount of their casualty and theft losses for their homes and personal belongings. Four of the safe harbor methods…
Read MoreStandard Mileage Rates for 2018
Beginning on January 1, 2018, the standard mileage rates for the use of a car, van, pickup or panel truck are 5 cents for every mile of business travel driven,…
Read MoreExtended Due Dates for Health Coverage Forms
The due date for certain entities to provide 2017 health coverage information forms to individuals in 2018 has been extended. Insurers, self-insuring employers, other coverage providers, and applicable large employers…
Read MoreCover & Rossiter announces promotion of Amy Johnson, CPA, ACI
Cover & Rossiter has a long-standing history as one of Delaware’s first and most respected certified public accounting and advisory firms and is pleased to announce Amy Johnson’s promotion to…
Read MoreSmall Businesses: Be Alert to Identity Theft
Small business identity theft is a big business for identity thieves. Just like individuals, businesses may have their identities stolen and their sensitive information used to open credit card accounts…
Read MoreRetirement Contributions Limits Announced for 2018
Cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for the tax year 2018 have been announced by the IRS. Here are the highlights: In…
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