2018 Winter Newsletter

2018 Winter Newsletter

Here’s our most recent newsletter! Gregory K Cole II, PAFM Partner & Chief Financial Officer304.255.0204, x 115kcole@AmericanTaxCo.com Katlyn Cole Partner & Chief Operating Officer304.255.0204, x 114colek@AmericanTaxCo.com Jason Acord Firm...
New Deduction for Business Owners

New Deduction for Business Owners

One of the more complex changes from the Tax Cuts and Jobs Act is the ability to reduce taxable individual income for those who receive income from a pass-through business entity such as a sole proprietorship, partnership, S corporation or trust/estate. Recipients of...
Like-Kind Exchanges Now Limited to Real Property

Like-Kind Exchanges Now Limited to Real Property

The Internal Revenue Service today reminded taxpayers that like-kind exchange tax treatment is now generally limited to exchanges of real property. The Tax Cuts and Jobs Act, passed in December 2017, made tax law changes that will affect virtually every business and...
Knowledge is Power Against IRS Scams

Knowledge is Power Against IRS Scams

Knowledge is power, especially when it comes to avoiding tax scams. Here’s what taxpayers need to know to determine whether an encounter — in person, over the phone or by email — is an imposter or an actual IRS employee: The IRS Does Not: Call to demand immediate...
The Do’s and Don’ts of IRS Love Letters

The Do’s and Don’ts of IRS Love Letters

Every year the IRS mails millions of what we like to call “Love Letters” to taxpayers.  They vary in their content and the reason they are sending the letter.  The IRS offers these suggestions on what to do and not to do in the event that you receive a...
Time for Taxes!

Time for Taxes!

Call for your appointment today! Or just drop by our office! 304.425.TAX 1 // info@AmericanTaxCo.com 1405 Athens Road Princeton, WV 24740...