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Posted by Tom Hammerschmidt | Mar 9, 2020 | Dickinson Wright, DW Tax Blog, Tax, Tax Cuts and Jobs Act, Taxation, taxes
Although the 2017 Tax Cuts and Jobs Act (TCJA) suspended the 2% of AGI miscellaneous deductions for individuals beginning in 2018, certain taxpayers may still claim deductions for unreimbursed business expenses, including sole...
Read MorePosted by Tom Hammerschmidt | Sep 30, 2019 | Dickinson Wright, DW Tax Blog, IRS, Tax, Tax Cuts and Jobs Act, Taxation, taxes |
Many charities feared that the 2017 Tax Cuts and Jobs Act (TCJA) would have an adverse impact on charitable giving during 2018 and after. The significant increase to the standard deduction available to most individuals means...
Read MorePosted by Tom Hammerschmidt | Mar 11, 2019 | Dickinson Wright, DW Tax Blog, Internal Revenue Code, Tax, Tax Cuts and Jobs Act, Taxation, taxes, Tom Hammerschmidt, Uncategorized
Internal Revenue Code Section 162, as amended by the 2017 Tax Cuts and Jobs Act (TCJA), provides that no deduction is allowed for any amount paid to, or at the direction of, a governmental entity in relation to the violation of...
Read MorePosted by Tom Hammerschmidt | Oct 1, 2018 | Dickinson Wright, DW Tax Blog, Tax Cuts and Jobs Act, taxpayers, Tom Hammerschmidt
It’s not too late for wage-earners to review their withholding allowances claimed on IRS Form W-4 to avoid a possibly unpleasant surprise when filing their 2018 tax return in early 2019. The number of withholding allowances can...
Read MorePosted by Tom Hammerschmidt | Jan 31, 2018 | Dickinson Wright, IRS, Phishing, phishing emails, Tax, Taxation, Tom Hammerschmidt
The Internal Revenue Service periodically reminds taxpayers and tax professionals to be careful in responding to fraudulent contacts using the IRS name or logo in telephone calls, unsolicited facsimiles, emails, text messages or...
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