Grove, Mueller & Swank, P.C. Newsletter for [date]
Hello Grove, Mueller - Here Are Your Articles for Wednesday, January 15, 2020
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The SECURE Act and Other Last-Minute Tax Changes

The year finished up with a bang as Congress enacted a number of changes that affect the retirement landscape and other tax situations. Click through for a summary of these changes and how they could affect you.

Do You Have to File an Information Return?

If you made or received a payment in a calendar year as a small business or self-employed individual, you most likely are required to file an information return to the IRS. Click through to learn what this means.

IRS Updates Mileage Rates for 2020

As 2019 drew to a close, the IRS issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for various purposes. Click through to see how the new rates may affect you.

Rental Real Estate Safe Harbor Under Section 199A

It can be difficult to determine which expenses meet the standard for qualified business income for rental properties. The Internal Revenue Service recently issued final guidance on a limited safe harbor. Click through to ensure that you understand these complex regulations.

New Leasing Standards Arrive for Private Companies

As of January 1, 2020, all leases, including short-term leases, must be recorded on your company's balance sheet. What does the new Financial Accounting Standards Board standard mean for your business? Click through for an introduction to this complex new series of rules.

Tax Deductions: What's New?

Tax law changes in the Tax Cuts and Jobs Act affect itemized deductions because the standard deduction was nearly doubled for most taxpayers. Click through to see if you should consider itemizing anyway.

Social Security: Note the Key Changes for 2020

The Social Security Administration has released new numbers for those paying Social Security and those collecting it. Click through for the new maximum taxable earnings amount as well as COLA and other key adjustments.

Is This Your Situation: You're Worried About Cyber Fraud

If you're in the middle of buying or selling a home, you no doubt have a lot of online conversations with real estate agents and mortgage banks. Click through to learn how to keep these exchanges secure.

Do a Paycheck Checkup

Especially in the wake of tax reform, some taxpayers could find themselves owing the IRS if they don't adjust their tax withholding. Click through so you won't have sticker shock when you file your return.

Grove, Mueller & Swank, P.C.
Grove, Mueller & Swank, P.C.
(503) 581-7788
newsletter@gmscpa.com
475 Cottage Street NE, Suite 200
Salem, OR 97308-2122
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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