Itemized Deduction Changes: SALT
One of the most lucrative deductions for many years has been the deduction for state and local taxes (SALT). This is especially true if you live in California, New York, or New […]
Individuals
Alimony and The Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act (TCJA) has many facets affecting all kinds of tax law. One of the changes that doesn’t get the spotlight all that much, but is just as […]
Net Operating Losses And The TCJA
Whether you are a company that’s just starting out or are within an industry subject to seasonal long-term trends, having a net operating loss (NOL) in one year and net income in […]
Charitable Donation Options After Tax Reform
Francis Bacon once said, “With charity there is no excess” – a powerful statement that the IRS would amend to add, “but with limitations.” When it comes to charitable donations, you are […]
So Your Dependents Have Income… What Do You Do?
An important part of filing taxes is claiming dependents. Most dependents are younger children, but what about older dependents who may be in college and/or have a job? What dependent deductions can […]
Individual Tax Penalties And What You Can Do About Them
Tax season is finally here! Obviously, the goal is to avoid any and all tax penalties. But if you find yourself in a position where you can’t pay the entire amount you […]
Tax Prep as Little as $45 for New(ish) Tax Filers!
Filing personal taxes isn’t everyone’s forte (especially if you’ve never done them before), but that’s why we’re here! If this is your first or second time filing taxes, we will do them […]
How Does The “Tax Cuts and Jobs Act” Affect You?
What does this new change in the American Tax Code mean to me? Out from all the ruckus has come out a solidified tax reform plan that goes into effect for tax […]
Trump’s Proposed Tax Reform: What Does it Mean to You?
President Trump’s proposed tax plan, which was announced in April and called the “the biggest tax cut” ever by the U.S. National Economic Council Director, would take our country from having one […]
Taking the Good With the Bad: Unemployment and New Home Sales at Record Lows
Unemployment Stats The United States economy and labor market continue their comeback, with the summer’s numbers better than expected. According to July’s report from the Bureau of Labor Statistics, May and July’s […]
To Each & Every One of Our Valued Clients…Thank You!
Another successful tax season has come and gone, and none of it would be possible without your loyalty and continued trust in our services. At Paragon Accounting Group, we never want you […]
ITINs: A Chance to Participate in the U.S. Tax System
The influx of foreign nationals, non-resident foreign nationals, and immigrants into the United States each year is a demographic phenomenon that has been at the centerpiece of our political and economic discourse […]