Section 199-A Game

Michael Meltzer of Melzter & Meltzer CPAs has allowed us to share this game graphic he created based on the new rules to Sec 199-A.  

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IRS: Doing a ‘Paycheck Checkup’ is a good idea for workers with multiple jobs

The Internal Revenue Service urges taxpayers who work multiple jobs or who may be adding summer employment to complete a Paycheck Checkup. Doing so will help them check if they are having the right amount…

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8 Types of Americans Who Won’t Get Social Security

Americans who will not qualify for Social Security retirement benefits are relatively rare, but if you are one of them, you need to know so you can make sure you have other sources of retirement income…

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Use Your 2018 Tax Return to Get 2019 Withholding Right

Millions of taxpayers filed a 2018 tax return in the last few weeks, making now a prime time for everyone to consider whether their tax situation came out as they expected. If it didn’t, they can use…

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Didn’t File Taxes? IRS Says File Now to Avoid Bigger Bill

While the federal income tax-filing deadline has passed for most people, there are some taxpayers who have not yet filed their tax returns. The Internal Revenue Service encourages them to file now, even…

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7 States with No Income Tax

Tired of paying taxes? If your tax payments gave you the tax season blues, you might consider relocating to a state with no income tax. Keep in mind that we’re just talking about state taxes, you’ll…

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IRS Expands Underpayment and Underwithholding Relief

The Internal Revenue Service provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the…

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$1.4 Billion in Refunds Waiting to be Claimed for Unfiled 2015 Tax Returns

Unclaimed income tax refunds totaling almost $1.4 billion may be waiting for an estimated 1.2 million taxpayers who did not file a 2015 Form 1040 federal income tax return, according to the Internal Revenue…

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With New SALT Limit, IRS Explains Tax Treatment of State and Local Tax Refunds

The Internal Revenue Service clarified the tax treatment of state and local tax refunds arising from any year in which the new limit on the state and local tax (SALT) deduction is in effect. In Revenue…

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Philadelphia Will Not Allow 199A Deduction

Philadelphia will not allow the IRC Sec. 199A deduction for the: Business Income & Receipts Tax (BIRT); Net Profits Tax (NPT); and Wage and Earnings Tax. Why Does the Deduction not Apply to BIRT? Partnerships…

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