Individual Tax

/Individual Tax

JMF Office and Recent Legislative Updates

By |2020-03-25T23:20:18+00:00March 25th, 2020|Accounting & Auditing, Construction, Corporate & Partnership Tax, Creative, Design, Entrepreneurs, Estate & Trust, Financial Institutions, Fraud, Health Care, Hospitality, Individual Tax, Internal Control Evaluation, International, Manufacturing, News & Events, Nonprofit, Oil & Gas, Payroll & Bookkeeping, Pension Admin & Consulting, Press Releases, SALT, Social Security, Technology, Timber|

Dear JMF Clients and Friends: As we mentioned in our communication on March 14th, we are in unprecedented times. We wanted to share another update of what JMF is continuing to do to serve our clients while maintaining a safe work environment.  This remains a fluid situation and we will continue to communicate with you. [...]

IRS CHANGE: April 15 Filing and Payment Deadlines Moved to July 15

By |2020-03-20T17:53:06+00:00March 20th, 2020|Corporate & Partnership Tax, Individual Tax, News & Events, Press Releases|

This morning, Friday March 20, 2020, the US Treasury officially changed the filing due date for tax returns from April 15, 2020 until July 15, 2020.  Tax returns and tax payments are now both officially due on or before July 15, 2020. This is a welcome change from our communication to you yesterday. The Alabama [...]

April 15 payments can be deferred to July 15; Returns still must be filed or extended

By |2020-03-20T18:14:18+00:00March 19th, 2020|Individual Tax, News & Events, Press Releases|

MARCH 20 UPDATE: This morning, Friday March 20, 2020, the US Treasury officially changed the filing due date for tax returns from April 15, 2020 until July 15, 2020.  Tax returns and tax payments are now both officially due on or before July 15, 2020. ******************* Things are moving very quickly, and there is a lot [...]

Tax-Free Transfers From IRAs to Charity

By |2020-03-05T18:09:18+00:00March 5th, 2020|Individual Tax, News & Events, Pension Admin & Consulting|

At least there is something good about growing old from a tax perspective. Under a unique tax law provision, certain senior citizens can transfer a sizeable amount of funds directly from an IRA to a qualified charitable organization without paying any tax on the distribution. Significantly, this “qualified charitable distribution” (QCD) also counts as a [...]

Opportunity Zone Regulations Finalized – What You Need To Know

By |2020-02-18T17:18:23+00:00February 18th, 2020|Entrepreneurs, Individual Tax, News & Events, Press Releases|

The IRS released its third and final Opportunity Zone regulations at the end of 2019.  Here is what you need to know.  As I hope you are aware by now, Opportunity Zones were included in the new tax law known as Tax Cuts and Jobs Act of 2017.  These zones encourage private sector investment in [...]

Ten Top Provisions in the SECURE Act

By |2020-02-17T19:47:37+00:00February 17th, 2020|Individual Tax, News & Events, Pension Admin & Consulting, Social Security|

Late in 2019, Congress passed the “Setting Every Community Up for Retirement Enhancement” (SECURE) Act, the biggest retirement law in more than a decade. Most provisions in this new legislation went into effect on January 1, 2020. Following is a summary of ten key changes. Stretch IRAs: Generally, the new law favors taxpayers, but it [...]

JMF Listed on Forbes America’s Top Recommended Tax And Accounting Firms

By |2020-02-05T19:02:04+00:00January 31st, 2020|Accounting & Auditing, Corporate & Partnership Tax, Individual Tax, News & Events, Press Releases|

Photo Credit: Forbes Magazine Recently, Forbes Magazine partnered with the independent market research company Statista to create a list of the most recommended firms for tax and accounting services in the United States for 2020. JamisonMoneyFarmer PC is proud to be listed as one of the 227 firms throughout the country on either list, [...]

The “Best Way” To Donate Stock

By |2020-01-07T21:12:54+00:00January 17th, 2020|Individual Tax, News & Events|

Do you own shares of stock that you want to contribute to charity? Before you pull the trigger on a donation, check to see if you are giving away the securities that are best for your tax situation. It can make a big tax difference to itemizers. The conventional wisdom is to donate low-basis stock [...]