RC Tax Services LLC
Tax Preparation and Consultation Service
CONSULTING, TAX PREPARATION
E-FILING
Welcome to RC Tax Preparation and Consultation
Fair and Honest evaluation of your tax situation with straightforward answers to today's most current tax laws and codes.
Our Promise To You:
We Do Promise your return will be completed correctly, or we will correct any errors we make at no cost to you.
We Do Promise to give you the best LEGAL tax advantage to your financial situation.
We Do Promise to give you friendly, courteous and complete tax service.
We Do not promise every taxpayer will receive a refund.
Tax News
Refunds Shrink for millions of Americans
Millions of Americans filling out their 2018 taxes will probably be surprised to learn that their refunds will be less than expected or that they owe money to the Internal Revenue Service after years of receiving refunds.
People have already taken to social media, using the hashtag #GOPTaxScam, to vent their anger. Many blame President Trump and the Republicans for shrinking refunds. Some on Twitter even said they wouldn’t vote for Trump again after seeing their refunds slashed.
The uproar follows the passage of a major overhaul to the tax code in December 2017, which was enacted with only Republican votes and is considered the biggest legislative achievement of Trump’s first year. While the vast majority of Americans received a tax cut in 2018, refunds are a different matter. Some refunds have decreased because of changes in the law, such as a new limit on property and local income tax deductions, and some have decreased because of how the IRS has altered withholding in paychecks.
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Long, H. (2019, February 10). Millions of Americans could be stunned as their tax refunds shrink. Retrieved from https://www.washingtonpost.com/business/2019/02/10/millions-americans-could-be-stunned-their-tax-refunds-shrink/?noredirect=on&utm_term=.591d0f1c8d6c
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IRS Updates Guidance for deductible mileage.
The IRS has issued Revenue Procedure 2019-46, which updates the rules for using the optional standard mileage rates in computing the deductible costs of operating an automobile for business, charitable, medical or moving expenses. The guidance, which reflects changes from the Tax Cuts and Jobs Act, also provides rules to substantiate the amount of an employee’s travel expenses reimbursed by an employer using the optional standard mileage rates. (Taxpayers are not required to use a method described in this revenue procedure and may instead substantiate actual allowable expenses provided they maintain adequate records.) The guidance, which reflects changes from the Tax Cuts and Jobs Act, also provides rules to substantiate the amount of an employee’s travel expenses reimbursed by an employer using the optional standard mileage rates. (Taxpayers are not required to use a method described in this revenue procedure and may instead substantiate actual allowable expenses provided they maintain adequate records.) The guidance, which reflects changes from the Tax Cuts and Jobs Act, also provides rules to substantiate the amount of an employee’s travel expenses reimbursed by an employer using the optional standard mileage rates. (Taxpayers are not required to use a method described in this revenue procedure and may instead substantiate actual allowable expenses provided they maintain adequate records.)
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Tax Withholding Estimator
How should I complete the W-4 form from my employer?
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​https://www.irs.gov/individuals/tax-withholding-estimator