How to Handle W-2 Slip-Ups

Law changes over the past few years have significantly upped the ante for employers when it comes to preparing Form W-2 wage and tax statements accurately and on time. In the past, W-2 forms were due to employees by Jan. 31 following the close of the tax year, while the forms were not required to … Read more

Above the Forms: Client Obsession and Tax Reform

On a long international flight last summer, I chose to watch the live action film “Beauty and the Beast” and was captured by the lyrics in the song “Be Our Guest” and the incredible customer obsession these lyrics demonstrated as Ms. Potts and Luminaire sang to Belle, the heroine in the film. There is a … Read more

Infographic: How Tax Reform Impacts Your Clients

The Tax Cuts and Jobs Act (summary of changes) is the largest piece of tax reform legislation in 30 years and was signed into law on Dec. 22, 2017. Here are a few common tax scenarios that compare tax year 2017 to tax year 2018. Stay tuned to the Intuit® ProConnect Tax Reform Resource Center for … Read more

Basis in the World of Tax: Property, Part 3

Thanks for tuning back into my series on basis. This piece is the third and final one on basis of property. Basis of Property for Which a Deduction has Been Taken The basis of medical equipment, such as a hospital bed or wheelchair, for which a deduction has been taken on Schedule A is reduced … Read more