Creative Management & Tax.

Millions of Americans could face a shocking tax season. http://on.nbc7.com/gfKXqQf

The new year is upon us! As you finish cleaning up the champagne glasses and confetti, now is the time to start thinking about your tax preparation plan. This issue is packed with useful information including tips to receive a faster refund. In addition, there are ideas to manage cash flow for your business, things to consider when living with a smart speaker, and age-appropriate suggestions for teaching your children how to handle financial matters. Call if you would like to discuss how any of this information relates to you. If you know someone that can benefit from this newsletter, feel free to send it to them.

This could get interesting.

Corporations and the wealthy are the biggest beneficiaries of the IRS’ decay. Most Americans’ interaction with the IRS is largely automated. But it takes specialized, well-trained personnel to audit a business or a billionaire or to unravel a tax scheme and those employees are leaving in droves and taking their expertise with them. For the country’s largest corporations, the danger of being hit with a billion-dollar tax bill has greatly diminished. For the rich, who research shows evade taxes the most, the IRS has become less and less of a force to be feared.

New scam alert from the IRS. Learn more at irs.gov/alerts.

Congressional auditors say about 30 million people 21 percent of U.S. taxpayers will have to come up with more money to pay their 2018 taxes next year.

Now that the 2017 tax filing season is over, it's time to start adapting to some of the momentous tax changes passed last year. This issue provides an update on the latest news affecting 2018 taxes, as well as a guide to the (still intact) IRS penalties for gaps in health care coverage. There's an article about managing money with your significant other, and also an update about the latest identity theft "port-out" scam. If you wish to review your situation, call at any time. Also feel free to forward this newsletter to someone who may benefit.

So.... We have another day!

It's Tax Day!! Special thanks to all of the amazing people we have the great pleasure of meeting with every year! Getting to know you and your families, and hearing the annual life-career story update is what keeps us going through the grueling hours of tax season! Thank you all!

Change: The Only Thing That Never Changes. With all the the changes to the Tax Code, there has never been a more critical time to seek out proper Tax Planning. Whether you own your own business or work for someone else, it's important you know just how these changes will impact your bottom line.

Tax season is underway, and articles in this month's issue will help get you over the finish line. Included are some answers to commonly asked tax questions, an update on some late tax breaks now available for 2017, and some tips on how to stay organized when you file your return this year. Also included is an article about how to make social media use healthier for you and your family. https://sdtaxoffice.com/newsletter.php

If you fail to report gains, that could be tax fraud, Cross said. You are taking a chance the IRS won’t catch you. Personally, I don’t think it’s worth it. Neither do we! If you need help reporting your adventures in #Crypto, we can help!