Lower My Tax Now Blog

Be Aware of These New Filing Payroll Deadlines

Happy New Year! Well, with new year comes with new rules.
Hello, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.

As you begin preparing your final payroll tax returns for 2016, take into account earlier due dates for two common reporting forms.

Forms W-2 for 2016 are due January 31st. The…

You’ve Received A Gift…What Now?

Imagine your rich parent or relative gives you a real estate property, vacant lot or stocks. And then a number of years later, your parent or relative dies and you decide to sell the gift. Your tax preparer says you’ll need to calculate capital gains on the sale, and…

To Convert or Not To Convert…That Is The Question!

A tax client asked me: “Should I convert my IRA or retirement plan into a Roth IRA? That is a great question! However, as with any tax questions, it is impossible to have a definite answer when deciding whether to convert a traditional IRA or retirement plan into a…

How Will Trump’s Tax Plan Affect You?

Donald Trump was elected the 45th President of the United States last night. You might be wondering: “How would that impact me tax-wise?”

Hello, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.

If Trump makes good on his promises, here are the expected tax changes:

• Reduce federal tax brackets – from…