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As an Enrolled Agent & Certified Divorce Financial Analyst, I’ve helped numerous individuals tackle their tax returns in the early years of their divorce. There are specific rules to follow which can become complex depending on your individual situation.
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With the changes in 2018 due to the TCJA, it’s more important now than ever to ensure you understand your potential tax credits.
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Extensions can be very helpful. However, there’s a catch. You are NOT extending your deadline for paying your tax. You are only extending the deadline for filing your return. Your tax payment is still due
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The Tax Cuts & Jobs Act has created sweeping tax reform that really affects taxpayer’s ability to itemize at tax time. It is more important than ever to consult your tax professional to help you make sense of what you can deduct.
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With the passage of the latest tax reform law: “Tax Cuts and Jobs Act,” you’re probably curious if this has an impact on your 2017 tax returns.
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