In This Issue
Unreimbursed Expenses: Non-Deductible Employee Business Expenses
Home Equity Loan Interest: New Law Eliminates Deduction
Starting a New Business? Keep Track of Your Expenses
To Incorporate, or Not: Factors to Consider
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Reminders
Reminder   


September 17
* Corporations: File calendar year Form 1120S if you timely requested a 6-month extension.

* Partnerships: File calendar year Form 1065 if you timely requested a 6-month extension.

* Individuals: Pay the third installment of your 2018 estimated tax - Use Form 1040-ES.

* Corporations: Deposit the third installment of your 2018 estimated tax.

* Electing Large Partnerships: File Form 1065-B if you timely requested a 6-month extension.

> Other important dates
September 2018
 

The landscape of deductions has undergone some pruning. Knowing the changes will help you plan ahead and save time and money.
Individuals
Unreimbursed Expenses: Non-Deductible Employee Business Expenses

You know those continuing education expenses you're accustomed to claiming on your tax return? And the work-related travel, meals and lodging receipts you saved to claim later? Starting with the 2018 tax year, certain unreimbursed expenses are no longer deductible. > Here's the list
Receipts
Home Equity Loan Interest: New Law Eliminates Deduction

Another tax savings strategy is gone. The interest incurred on home equity debt is no longer deductible. But there's an exception. > Read on
Businesses
Starting a New Business? Keep Track of Your Expenses

When visiting your suppliers and training employees represent start-up costs, what are the rules on how much you're allowed to deduct and when? > Here's an outline
Corporation
To Incorporate, or Not: Factors to Consider

The newly reduced corporate tax rate might have gotten you thinking about restructuring your business. One good nontax reason to incorporate is to protect personal assets. > Other reasons
Need help with deductions? Call our office at 505-984-0646 to schedule your tax appointment.