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2018 Tax Highlights

Watch this video for 2018 tax updates! D Jones Professional Services: Client Videos

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IRS issues proposed regulations on new 20 percent deduction for passthrough businesses

IR-2018-162, Aug. 8, 2018 WASHINGTON — The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their...

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Oct. 15 Tax-filing Extension Deadline Approaches for Millions of Taxpayers

The Internal Revenue Service today urged taxpayers who requested the six-month filing extension to double check their tax returns and file on or before the mid-October deadline. IRS e-file and Free File are excellent filing options and are still...

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Things You Should Know about Filing Late and Paying Penalties

Don’t Make this Critical Mistake!! I can’t tell you the number of taxpayers that have mistakenly filed their return late because they anticipated they would owe a balance and not have the ability to pay the balance in full. The most important...

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"GHOST" Tax Preparers

Dishonest and unscrupulous tax preparers, including some who are “ghost" tax preparers, perpetuate refund fraud and scams that hurt honest taxpayers who are simply trying to do the right thing and file a legitimate tax return. Dishonest...

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IRS DEBT FORGIVEN

Examples of DEBT FORGIVEN: CASE 1: JAN. 20, 2018 Client owed $21,000 in debt, the IRS accepted an offer of $1,956.00. With an initial down payment of $391.20(20%), leaving the client with a balance of $1,564.80. The remaining 5 payments were...

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IRS DEBT FORGIVEN - ACTUAL LETTER

Letter Dated: August 15, 2018 Department of the Treasury INTERNAL REVENUE SERVICE PO BOX 77 MEMPHIS, TN 38101 Dear Client, Thank you for your payment. You have met the payment provisions for the Offer in Compromise contract. Please...

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IRS DEBT FORGIVEN

FORGIVEN! Just received letter from IRS informing client - "We accepted your offer of $1716.00 on your debt of $42,000. We applied your initial payment of $343.20, leaving you a balance of $1373.80." Wow! We're here to serve...

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Protection Plus Audit Assistance

Relief from IRS Audit or Inquiry Headaches With a simple phone call, you will receive the assistance you need from one of our experienced audit assistance professionals We work directly with you and the IRS to bring the matter to...

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2018 Tax Filing Season Begins Jan. 29, Tax Returns Due April 17

The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February.

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