It’s hard to overstate how important receipts can be in creating a complete tax return, especially if you’re a self employed (Schedule C) client. Many of our small business owners are Schedule C clients and often show up for their appointments with a grocery bag/shoebox full of receipts or even worse, they have no receipts… Read More

Curious as to what the new postcard-sized tax return might look like? The Internal Revenue Service (IRS) has released a proposed draft of the return. It looks like this: Draft 1040 p1IRS Draft 1040 p2IRS You can see the full-sized copy here (downloads as a pdf). Despite the smaller size, the new form 1040 is intended… Read More

Headed to the gym this summer? You may soon be able to claim a tax benefit for the trip. The House Ways and Means Committee has advanced a bill which would grant taxpayers a break on gym memberships and fitness classes. Gym memberships are not generally deductible even though many taxpayers are under the impression… Read More

rbce Inc is moving! Today is our last day at our Great Valley Dr. address. We’re going to miss our homey office very much, but we’re excited about the move. Our new location at 1001 Cypress Creek Rd Suite 204 is just a little over 2 miles from our current location. We’re going to be… Read More

The 2018 filing season kicked off on January 29, 2018. Before all is said and done, the Internal Revenue Service (IRS) anticipates processing nearly 155 million individual taxpayer returns. That’s a lot of taxpayers – and a lot of taxpayer questions. Below is a mix of fiction – myths that the IRS hopes to rebut… Read More

Millions of taxpayers expect to be ready on January 29 when tax season opens, but will the Internal Revenue Service (IRS) be ready? In anticipation of a federal government shutdown, the IRS released its contingency plan for the filing season because, yes, tax season will go on even during a shutdown. The agency said it does… Read More

The following is our client  letter for the tax year 2017. It contains useful information and suggestions to help you get ready for tax time. Don’t forget to schedule your appointment now!   Dear Client, Once again, the New Year is behind us and tax time is coming. We will continue making our free tax… Read More

The new tax reform act is within reach of President Trump’s pen. Questions are swirling and Americans want to know what it means for them. I’ve borrowed the following information from Kelly Phillips Erb from Forbes. It’s a very clear description of what will happen to a great many of your former deductions. (unless you… Read More

Rumors have been swirling about the upcoming Tax Cuts and Jobs Act legislation. We’ve seen the house and the senate proposals. What’s left? The two sides of the legislature have to come to an agreement on the bill in order to present it to the president. The following is an update on how things are… Read More

The United States has experienced a number of disasters this year that have taken homes, businesses, and vehicles. Hurricanes, storms, and wild fires have cost a number of people their homes and businesses. Here’s how you can help yourself rebuild the documents necessary for your tax return. Get Transcripts Taxpayers can get free tax return… Read More