2018 Tax reform bill

2018 is swiftly coming to an end and I wanted to wish you all Happy Holidays. I look forward to hearing from you and working with you in 2018. I just came back from the Annual Federal Tax Update seminar with a book about 3 inches thick, with more pages coming. There have been so…

Uber and Lyft Drivers – Shared Economy

This is such a new field that even the tax pros scratch their heads. There are a few really great articles I have read that explain how this new economy works for those who work in it and how it affects them in the tax world. Read this article and if you have any questions,…

FAFSA Security

Well, A Huge breach appears to have taken place  and it could affect about 100,000 taxpayers – This is an article from the IRS which you should pay particular attention to if you have completed a FAFSA and used the IRS Data Retrieval Tool (DRT) Questions and Answers: Mailings about suspicious activity related to the…

American Health Care

From the Desk of C.G. Johnson & Company   Well there has been some new movement in the American Health Care Act of 2017 – Good bad or otherwise, I thought I would share this with you. Here are some of the changes up for vote as of today.   Today, the House of Representatives…

Affordable Health Care

From the desk of C.G. Johnson & Company.   More information has come out on what congress has passed on the new health care and it doesn’t look good. Costs will go up and benefits will go down. Pre-existing conditions will not be covered like cancer, epilepsy, and a list of others. I am sharing…

46 Avoidable Tax-Filing Errors

From the Desk of C.G. Johnson & Company   Well, here we are 18 Days from the deadline of the 2016 Tax filing season, April 18, 2017 – A brilliant CPA took time out his busy schedule and shared this checklist for us to share with you. So here are 46 Avoidable Tax-Filing Errors –…

No Mileage Log, No Deduction

From the Desk of C.G. Johnson & Company   You know with tax season in “full steam”, I’ve been trying to keep my clients really aware of things that could be red flags with the IRS. Things that could cost them deductions or credits because of lack of documentation. No matter how hard I stress…

Here is some news that came across my desk today regarding traveling and tax debt

PASSPORT DENIED OR CANCELLED IN CASE OF UNPAID TAX DEBT: The Fixing America’s Surface Transportation Act of 2015 (FAST Act) added IRC Section 7345 which requires the State Department to deny or cancel a passport for an individual upon receiving certification from the IRS that the individual has seriously delinquent unpaid tax debt. Seriously delinquent…