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Congress Approves Sweeping Tax Overhaul. Tax Cuts and Jobs Act. 2017 Year-End Tax Planning. 2018 Inflation-Adjusted Amounts Modified. The IRS has modified certain previously released inflation-adjusted amounts. Generally, these new inflation-adjusted figures apply to tax years beginning in 2018 or transactions or events occurring in. Virtual Currency Transactions: They Are Reportable. New Carried Interest Holding Period to Apply to S Corps. Proposed Regs Would Expand ACA-Exempt Short-Term Insurance.

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Congress Approves Sweeping Tax Overhaul. Tax Cuts and Jobs Act. 2017 Year-End Tax Planning. 2018 Inflation-Adjusted Amounts Modified. The IRS has modified certain previously released inflation-adjusted amounts. Generally, these new inflation-adjusted figures apply to tax years beginning in 2018 or transactions or events occurring in. Virtual Currency Transactions: They Are Reportable. New Carried Interest Holding Period to Apply to S Corps. Proposed Regs Would Expand ACA-Exempt Short-Term Insurance.

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Congress Approves Sweeping Tax Overhaul. Tax Cuts and Jobs Act. 2017 Year-End Tax Planning. 2018 Inflation-Adjusted Amounts Modified. The IRS has modified certain previously released inflation-adjusted amounts. Generally, these new inflation-adjusted figures apply to tax years beginning in 2018 or transactions or events occurring in. Virtual Currency Transactions: They Are Reportable. New Carried Interest Holding Period to Apply to S Corps. Proposed Regs Would Expand ACA-Exempt Short-Term Insurance.

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northstartaxservices.com

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- Corporate Pitfalls

http://www.northstartaxservices.com/Corporate_Pitfalls.html

Common Pitfalls of Corporations. The Internal Revenue Service (IRS) statistics show that less than 25% of the small business corporations are in compliance with their regulations. Corporations and in particular S-Corporations are in fact one of the most complicated tax entities. Pitfall #1 – Failure to Elect Status for an S-Corporation. You must make the election by the 15. Day of the 3. For existing C-Corporations electing S-Corporation status. Pitfall #2 – Failure to Keep Minutes. You must not comingle...

2

- Currency Trading Q&A

http://www.northstartaxservices.com/Currency_Trading.html

Is buying currency as an investment taxed in a different manner than buying say stock and selling it for a profit? If there are currency gains or losses in connection with a trade or business or with the management or administration of investment assets, the gain is treated as an ordinary gain (rather than as a capital gain) and any loss is generally treated as an ordinary loss. Currency gains of $200 or less per transaction that occur from personal exchanges (not for investment or business) are not taxa...

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- Home

http://www.northstartaxservices.com/home.html

ACA Repeal and Replacement. Post-Election Tax Policy Update. CBO reports on top tax incentives/expenditures. The Congressional Budget Office (CBO) issued a report in mid-March about current tax incentives. Tax expenditures, CBPO explained, reduce the amount of revenue that is collected for any given set of s. IRS updates 401(k) hardship distributions exam materials. Employee consent requirements for employer refund claims released. New Offers in Compromise policy starts April 27. The IRS has informed tax...

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- Links

http://www.northstartaxservices.com/links.html

There are many great sites on the Web, but trying to find those great sites can be a frustrating experience. We have compiled a list of websites that we have found to be helpful sources of information. When you click on a link, a new window will pop up. Close the window when you are ready to return to this page. Money Magazine offers an online edition that is a great resource for financial information. The Official Website of the U.S. Social Security Administration. US Small Business Administration.

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- Firm Profile

http://www.northstartaxservices.com/firm_profile.html

We believe in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training and technical experience. We provide a variety of services including:. Income Tax Preparation for all types of businesses, and individuals.

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Congress Approves Sweeping Tax Overhaul. Tax Cuts and Jobs Act. 2017 Year-End Tax Planning. 2018 Inflation-Adjusted Amounts Modified. The IRS has modified certain previously released inflation-adjusted amounts. Generally, these new inflation-adjusted figures apply to tax years beginning in 2018 or transactions or events occurring in. Virtual Currency Transactions: They Are Reportable. New Carried Interest Holding Period to Apply to S Corps. Proposed Regs Would Expand ACA-Exempt Short-Term Insurance.

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