New Phone Scam Impersonating the Social Security Administration
The IRS has issued a consumer alert regarding a new phone scam in which a recording pretends to be calling from the Social Security Administration (SSA). The recording threatens to suspend your social...
View ArticleTop Mistakes to Avoid to Maximize the QBI Deduction
The 20% Qualified Business Income (QBI) deduction was arguably the most complicated change taxpayers faced during the 2019 tax filing season. Coincidentally, it happened to be an area where we...
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How to Give and Get Back with Tax-Advantaged Charitable Giving Following Tax...
Many more taxpayers are now taking the standard deduction as a result of the Tax Cuts and Jobs Act. The increase in standard deduction coupled with changes to certain itemized deductions reduces the...
View ArticleYou May Be Able to Claim the 45L Tax Credit Retroactively Thanks to the New...
A new bipartisan bill for the New Home Energy Efficiency Act was proposed to retroactively extend the $2,000 45L Tax Credit. If passed, taxpayers could amend their 2018 tax return and apply the credit...
View ArticleMissouri Announces Individual Income Tax Changes for 2019 Tax Returns
The Missouri Department of Revenue has announced the 2019 individual income tax year changes, effective for the tax year beginning January 1, 2019, which will be reflected on 2019 Missouri individual...
View Article2020 Tax Pocket Guide
Access the 2020 Anders Tax Pocket Guide for this year’s corporate and individual tax rates, retirement plan contribution limits and more, including: Estate tax and lifetime gift tax exemption increase...
View Article2020 Payroll Tax and Withholdings Update
In 2020, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, minimum wage is increasing in Missouri and...
View ArticleOvercoming Obstacles for Utilizing the QBI Deduction
As we enter year three of the qualified business income (QBI) era, if you have not yet taken steps to maximize your deduction under this tax law – the time is now. Over the past two years, we have seen...
View ArticleProtect Yourself Against Tax-Related Identity Theft with a New Tool from the IRS
It’s crunch time for filing individual tax returns, which means tax-related identity theft is on the rise. Each year, more and more scammers plan to steal personal information of taxpayers to file a...
View ArticleIRS Extends Federal Tax Filing Deadline to July 15 in Response to COVID-19
The IRS has officially extended the federal income tax filing and payment deadline from April 15 to July 15, 2020 as part of relief efforts around the COVID-19 pandemic. All American taxpayers and...
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