Beginning with 2018 tax returns, families will be able to get more money under the newly revised Child Tax Credit. The Tax Cuts and Jobs Act (TCJA) (the tax reform legislation passed in December 2017) doubled the maximum Child Tax Credit, boosted income limits to be able to claim the credit, and revised the identification… Continue Reading
Tax
Tax Reform Bill Workshop – Willmar, MN
Tax Reform Bill Workshop Join us as we partner with the Willmar Lakes Area Chamber of Commerce and 4 other local CPA firms for a second “Tax Planning” workshop that will be hosted on November 20th from 7:30 – 9am at the Willmar Conference Center. Our panel will be presenting on the new tax reform… Continue Reading
There’s a New Employer Tax Credit for Paid Family and Medical Leave
There’s a New Employer Tax Credit for Paid Family and Medical Leave Available for 2018 and 2019. The IRS announced today that they have published detailed guidance regarding the new Employer Credit for Paid Family and Medical Leave for tax years 2018 and 2019 enacted by the 2017 Tax Cuts and Jobs Act. Eligible employers… Continue Reading
A New twist on an old phone scam
IRS is warning taxpayers of a new twist on an old phone scam The IRS is urging taxpayers to remain alert to tax scams year round, but especially immediately following the tax deadline. The Internal Revenue Service is warning taxpayers that criminals are now using a new twist on an old phone scam where criminals… Continue Reading
Do my Children Qualify for the Child Tax Credit?
At Christianson, we often get similar questions from our clients that we feel should be addressed on a larger scale. We believe that the question may be something that is asked universally, and not just in our office. The Child Tax Credit is a topic of discussion, especially now that the recent Tax Reform Bill… Continue Reading
Sec. 199A “Grain Glitch” Fix Proposed
Sec. 199A “Grain Glitch” Fix Proposed In January, we announced a change in the Tax Reform Bill that had a very large impact on the agriculture industry, with the heaviest of the impact placed on cooperatives and private grain firms. This change was Sec. 199A. A few weeks after sharing that article, while anxiously anticipating… Continue Reading
