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Services for Real Estate Pros - Lisa D Church CPA, EA, MBA, NTPI Fellow



January 31st, 2019 is the deadline for employers to issue W-2 forms to their employees. If you are an employee: You should expect to receive your W-2 from your employer soon, if you have not received it already. If you are an employer:  Remember to issue W-2s to your employees by 1/31/19.  My pra...
The IRS will begin processing tax returns on January 28th, 2019, and provide refunds as scheduled. The recent government shut down did not delay this start date. The filing deadline for 2018 tax returns is Monday, April 15th, 2019. If you live in Maine or Massachusetts, you have until April 17th ...
More good news due to increased income limits in the new tax laws. If you have a child who was under the age of 13 throughout 2018 or who was under the age of 17 and requires assistance for self-care, you might now be eligible to claim both the Child Tax Credit and the Child and Dependent Care Cr...
Here is some more good news.Due to an increase in the cost of living the IRS increased the contribution limits for 2019 for retirement plans. The increases in the annual limit to contributions are as follows:  1) 401(k), 403(b), most 457 plans, Thrift Savings Plan: Limit increased from $18,500 to...
Some more good news today. The National Association of Enrolled Agents (NAEA) provided the below announcement from the IRS in an email to me today. “WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income ...
I posted a YouTube Video on my last 3 blogs. It covers the following 3 topics:1) Flexible Spending Account (FSA) Grace Period2) Quartely Estimated Payment Due date for last Qtr of 20183) Standard Mileage Rate Increase for 2019 Taxes The YouTube video is located at:  My...
Here is some good news. Starting on Jan. 1, 2019, the standard mileage rates for the use of a car, vans, pickups, or panel trucks will be:- 58 cents for every mile of business travel you drive. (3.5 cent increase from the 2018 rate) - 20 cents per mile driven for medical or moving purposes. (2 ce...
If you are making quarterly estimated tax payments to the IRS, the due date for the 2018 September 1st - December 31st quarter of the year is January 15th, 2019.For payments made using IRS Direct Pay, you can make payments until 8PM EST, and for payments using a credit or debit card, payments can...
Did you know most employers offer a Flex Spending Account (FSA) Grace Period or $500 Carryover?If you had difficulty using up the funds in your medical flexible spending account (FSA) before the end of the year, your employer might offer you relief from the “use it or lose it rule” through a grac...

Lisa Church

IRS tax representation in Anne Arundel County, MD
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