Did You Move This Past Year? Find Out the Latest Changes To Moving Expenses
While the Tax Cuts and Jobs Act (TCJA) did provide savings, there is one major change that is going to hit many Clergy’s tax return and wallet hard this year. This is especially true when we consider that Clergy never really stay in one place. For many years, Clergy have relied on either writing off moving expenses from their tax return, or being reimbursed by their church for moving expenses without tax consequence. However, TCJA has changed all of that. Moving Expense Ded
Government Shut Down: What Happens to the IRS and Taxpayer
As we wake up just a couple days before Christmas, the Federal Government has been shut down due to a lapse of funding because an agreement was not made. Partisan politics aside, what does this mean for you, the taxpayer? What we know is that part of the IRS will continue to function such as working with software companies to test the upcoming tax year software. It will also include processing electronic returns and tax returns that were mailed in (however mailed returns wi
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