Happy New Year! Following is an update of a few of the new
2018 tax law changes. In addition, our website contains about
90 financial calculators, along with a number of financial and
Proposed Regs Provided for Code Sec. 163(j) Limit
The IRS has proposed regulations on the limitation on the business
interest expense deduction under Code Sec. 163(j), as amended by
the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). The IRS also has
Deductions Denied to Medical Marijuana Dispensary
A nonprofit corporation that operated a medical-marijuana
dispensary legally under California law was not allowed to claim
deductions for business expenses on its federal return. Code Sec.
2019 Standard Mileage Rates Released
The IRS released the optional standard mileage rates for 2019. Most
taxpayers may use these rates to compute deductible costs of
operating vehicles for:...
Proposed Regs Address Foreign Tax Credit Changes
Highly anticipated foreign tax credit regulations have been issued
that provide guidance on the significant changes made to the
foreign tax credit rules by the Tax Cuts and Jobs Act ( P.L.
Guidance on 2019 Withholding Rules
The IRS has provided interim guidance for the 2019 calendar year on
income tax withholding from wages and withholding from retirement
and annuity distributions. In general, certain 2018 withholding
Carefree Tax Service Inc is Committed to Helping You Take the Stress out of Tax Season!
Welcome and thank you for visiting our website!
We specialize in individual and small business tax preparation. Our rates are lower and we offer personalized service because we are locally owned.
In addition to providing you with a profile of our firm and the services we provide, this website also includes useful resources such as informative articles (in our Newsletters section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external websites that we think would be of interest to you (in our Links to interesting sites section).
Please feel free to contact us with any questions or comments you may have. Our dedication to superior client service is our goal.