Tax Law Attorney in Tampa, Florida

It's Tax Time for 2018 Filings: What You Need To Know About The 2018 Tax Filing Season

The 2018 tax filing season is well underway. The Tax Cut and Jobs Act brought about many changes.

Here are some things you should know:

  1. There is only one primary filing Form 1040, and it looks different! Gone are forms 1040EZ and 1040A.
  2. There are no more personal and dependent exemptions.
  3. Standard deductions have increased (almost doubled) and therefore some taxpayers will not be able to itemize deductions.
  4. Many small business owners operating as pass-through entities may be eligible for a 20% qualified business income deduction.
  5. An extension of time to file is not an extension of time to pay. Filing deadline is April 15, 2019.
  6. If you owe and cannot pay, there are options but you may be subjected to failure to pay penalties and interest.

It is important to note that failure to file a required tax return is a crime. Therefore, even if you owe, you should always file your tax return. Moreover, this starts the very important statute of limitations regarding collections.

Only hire a Tax Attorney, Certified Public Accountant (“CPA”), or Enrolled Agent (“EA”) to prepare your tax return. These individuals have met education and ethical requirements; and have submitted to background checks.

Nehemiah Jefferson, Esq., LL.M., is Managing Principal of The Jefferson Firm, LLC. The taw law firm provides comprehensive Tax Preparation, Tax Representation, Tax Litigation, and Tax Consultation services to individual and small business clients. He earned his Bachelor’s degree from The Florida State University, his Juris Doctor from John Marshall Law School (Atlanta), and LL.M. in Taxation from the University of Alabama. Attorney Jefferson is licensed to practice law in the State of Florida, The District of Columbia, and is a member of the United States Tax Court Bar. He is also an IRS Enrolled Agent and may be reached at (877) 575-7765 or