Welcome to the TaxAudit Blog
Check back often to keep up-to-date on tax issues that may affect your life.

Tax Legislation & Updates
tablet with tax words displayed on it
Many taxpayers will be surprised that they owe more than usual this year. In addition, many more people will likely owe extra money as a result of inadequate withholding because the new withholding tables were not accurate.
Tax Legislation & Updates
Tax forms and a calculator that says Tax Help?
TCJA (The Tax Cuts and Jobs Act). Not since the Tax Reform Act of 1986,  has there been a more sweeping reform of the tax code. At least six new schedules have been added to Form 1040 to accommodate the information that was left on the cutting room floor when the form was reduced in size.
Tax Legislation & Updates
Alimony spelled out with blocks with a stack of money next to it
Before the TCJA, alimony payments were deductible, and the recipient was required to report the payments as taxable income. Divorces finalized after January 1st of 2019 no longer required the spouse receiving alimony to report the income, and in turn, did away with the deduction for the payer.  
Healthcare
1095-A Form
The Tax Cuts and Job Act presents many substantial changes to filing requirements; however, the reporting of healthcare coverage remains consistent. For 2017 and 2018, taxpayers must continue to report their coverage and determine if they qualify for an exemption − or like me, are required to make a shared responsibility payment.
Tax Audits & Letters
Four Ice Cream Cones
So, what happens if you miss an Installment Agreement payment and/or can no longer make the agreed upon payments?
Tax Audits & Letters
Ice Cream Sundae
Taking the time and effort to timely file your tax returns, even when you know you may owe tax and cannot afford to pay the entire amount owed by the due date of the return, may save you additional penalties, interest, sleepless nights and indigestion.
This blog does not provide legal, financial, accounting, or tax advice. The content on this blog is “as is” and carries no warranties. TaxAudit does not warrant or guarantee the accuracy, reliability, and completeness of the content of this blog. Content may become out of date as tax laws change. TaxAudit may, but has no obligation to monitor or respond to comments.