December 2018 Tax Planning Letter
Avoid the Surprise! In the world of Income tax, 2018 saw many
changes as a result of the Tax Cuts and Jobs Act (TCJA) that was
passed in 2017. To that end, what follows in this memo is a
2019 Payroll Newsletter
Please read about the various changes in payroll withholding and
related tax filing requirments for 2019....
Proposed Regs Provided for Code Sec. 163(j) Limit
The IRS has proposed regulations on the limitation on the business
interest expense deduction under Code Sec. 163(j), as amended by
the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). The IRS also has
Deductions Denied to Medical Marijuana Dispensary
A nonprofit corporation that operated a medical-marijuana
dispensary legally under California law was not allowed to claim
deductions for business expenses on its federal return. Code Sec.
2019 Standard Mileage Rates Released
The IRS released the optional standard mileage rates for 2019. Most
taxpayers may use these rates to compute deductible costs of
operating vehicles for:...
Proposed Regs Address Foreign Tax Credit Changes
Highly anticipated foreign tax credit regulations have been issued
that provide guidance on the significant changes made to the
foreign tax credit rules by the Tax Cuts and Jobs Act ( P.L.
Guidance on 2019 Withholding Rules
The IRS has provided interim guidance for the 2019 calendar year on
income tax withholding from wages and withholding from retirement
and annuity distributions. In general, certain 2018 withholding
The partners and staff of Siana Carr O'Connor & Lynam, LLP, Certified Public Accountants, welcome and thank you for visiting our website. Our CPA firm, based in Paoli, PA, services individual, business and fiduciary clients in the Greater Philadelphia Region, as well as, nationally. Our services include Income Tax Preparation, Accounting & Auditing, Financial Statements, Estate Tax Preparation & Planning, and Financial Planning.
In addition to providing you with a firm profile and the services we provide, this website has been designed to become a helpful resource tool for you, our valued clients and visitors. As you browse through our website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources such as informative articles in our Newsletter section and interactive financial calculators in our Financial Tools section. In addition, we have taken the time to gather many links to external websites that we felt would be of interest to our clients and visitors in our Web Links section.
While browsing through our Website, please feel free to contact us with any questions or comments you may have - we'd love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.