On Tuesday, the IRS encouraged taxpayers to get a head start on preparing their returns — especially those who may need to take action regarding economic impact payments as well as the advance child tax credits.
2019 Year-End Tax Planning Letter
Year-end tax planning in 2019 remains as complicated as ever. Notably, we are still coping with the massive changes included in the biggest tax law in decades—the Tax Cuts and Jobs Act (TCJA) of 2017—and pinpointing the optimal strategies. This monumental tax legislation includes a myriad of provisions affecting a wide range of individual and business taxpayers.