Phone: 651-298-1188
Fax: 651-228-1952

624 Grand Avenue
Saint Paul, MN 55105

JANUARY 2018

The year 2017 ended with a new tax bill signed by President Trump on December 22, 2017 and a whirlwind of controversy about what it will mean to taxpayers.The "Tax Cuts and Jobs Act" represents the largest one-time reduction in the corporate tax rate in U.S history. It is also purported to lower taxes for the vast majority of Americans. Another claim is that it will simplify taxes. That remains to be seen. The interpretation of the 500+ pages of the bill will tell the tale.

The majority of the Federal changes will take effect on the 2018 tax returns that will be filed in 2019. 

Minnesota passed legislation earlier in the year that will impact the 2017 tax returns. 

For now, we will concentrate on the 2017 tax year and do our best to help provide you with an accurate assessment of your tax liability and some resources for financial decisions. 

Whenever possible we'll try to give you information about how the tax changes will affect you in the future.

One of the challenges we face when there is new tax legislation is a way to pass the information we have on to our 3500+ clients. We are here year round so you are always welcome to give us a call. We will also post news on our Facebook page or here on our website.

We always do our best to help you save on taxes. The best way for you to help us do our job is to provide the information we need by using the "Tax Organizers" we send to you. Please use them.


Minnesota Property Tax Refunds

We've had a lot of calls in the past few months about Property Tax Refunds. The State has changed their processing times and  refunds have been delayed - sometimes into December or later. We expect that to be the case in the future too. The state is spending the extra time verifying that the information on the returns is accurate. Refer to our organizer page about Minnesota Property Tax Refunds to make sure you are providing all the information we need to prepare the return.

The "Scammers" are still trying to get your information.

If you receive a call from someone saying they are from the IRS - asking you for any personal information about your social security number or credit card information - hang up. Do not give them any information. The IRS does not contact taxpayers that way. You would always get a letter first and a chance to respond. 

 

 

Remember - Skally's Tax Service is on Facebook! Try facebook.com/skallystaxservice to connect. 

 

A few tips -

Schedule your tax appointment as soon as you can. Our schedules are filling up fast.

The government requires us to file all tax returns electronically. In order to do that we need payment for our service and a signed Form 8879 from our client. Please remember to look over the completed return we provide to you, sign that form and return it to us as soon as you can.

Our mission is to be a tax service that provides accurate assessments of tax liability and resources for financial decisions.

 

 


 

 

 

 

Phone: 651-298-1188 | Fax: 651-228-1952 | 624 Grand Avenue Saint Paul, MN 55105
Designed by WebMovement, LLC