|
Will You Thank or Curse Trump for Your Tax Bill?
Source:
money.usnews.com
- Oct 30, 2018
Taxpayers may feel like they're entering into the vast unknown this tax season.
It will be the first year that many filers will face their new tax liability under President Donald Trump's tax reform. And for these filers, how their tax liability will look remains mysterious. "There will be some people who will be surprised," says Lance Christensen, certified public accountant and tax practice leader and partner at Margolin, Winer & Evens in Garden City, New York. "Hopefully they’ll be pleasantly surprised."
Experts warn that there may be delays and confusion as the IRS, tax-filing software providers and tax preparers integrate the Tax Cuts and Jobs Act into their filing and processing systems. In the meantime, you can use any time before the new year to start considering what your tax bill will look like and make preparations.
CLICK SOURCE TO READ ARTICLE
Category: General Business
|
