by Michael Bryant | Mar 27, 2018 | Blog
The Wheeler Accountants team took a short break from preparing tax returns to participate in our first annual Tax Season Olympics. Team members participated in four challenging events. The first event was a 10-key race, where participants had to add a list of numbers...
by Michael Bryant | Mar 16, 2018 | Blog
If you haven’t contributed funds to an Individual Retirement Arrangement (IRA) for tax year 2017, or if you’ve put in less than the maximum allowed, you still have time to do so. You can contribute to either a traditional or Roth IRA until the April 17 due...
by Michael Bryant | Mar 16, 2018 | Blog
The Tax Cuts and Jobs Act made changes to the tax law, including increasing the standard deduction, removing personal exemptions, increasing the child tax credit, limiting or discontinuing certain deductions and changing the tax rates and brackets. As such, a new...
by Michael Bryant | Mar 16, 2018 | Blog
Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable unless the law specifically excludes it. But as you might have guessed, there’s more to it than...
by Michael Bryant | Mar 16, 2018 | Blog
If you are living or working outside the United States, you generally must file and pay your tax in the same way as people living in the U.S. This includes people with dual citizenship. In addition, U.S. taxpayers with foreign accounts exceeding certain thresholds may...
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