Because when you are better informed, you ask better questions.
Better questions lead to smarter tax strategies.
Then you and your tax preparer won’t miss out on any money-saving opportunity.
Thursday February 27, 2020
What’s new in the world of taxes?
IRS has done lots of “remodeling” this tax season:
*Form 1040 has been overhauled.
The 2018 Form 1040 had six schedules.
The new, 2019 Form 1040 has only three schedules.
Plus there is a brand new form for seniors: 1040-SR
*New for Family Business IRS tax news released (in October):
when family members work for each other, they have several choices how to report the business income:
Partnership, Qualified Joint Venture, Schedule C
Important: they don’t have to have formal written agreements.
*Smart Tax Strategies for Small Business
Qualified Business Income (QBI) Deduction: allows you to write off 20% of your income (certain rules apply).
Also learn about fringe benefits (company car, etc.)
And much more
Join us — the class will be fun.
We’ll talk about some court cases
(Like poop tax, horseless horse business.)
And you’ll learn new, practical stuff as well.
At halftime break, we’ll share delicious cookies.
(Maybe that’s why we are popular?)