Tax Reform Impacts Employee Business Expenses Miscellaneous Itemized Deductions Subject to the 2% AGI Floor Not all provisions of the Tax Cuts and Jobs Act benefit taxpayers, so if you own a business, pay attention. The suspension of the deduction for employee business cost stinks for employees. Under prior law, taxpayers who were employees were […]
Employee Business Expenses
Preparing Taxes for 2018 is Not Business As Usual The change behind tax reform has the way most taxpayers are thinking about and planning for their taxes. Preparing taxes in 2018 is no longer business as usual. For those who think it is are in for a rude awakening come tax time next year.