At LBF Group, it is our mission to build long-term, trusted client relationships. Combining our team’s accounting and technical expertise with our dedicated focus on each client’s individual needs, we strive to serve as a year-round partner—ensuring that clients stay on a healthy financial path and achieve their goals. We are also committed to investing in professional continuing education and state-of-the-art technology to achieve our core mission of providing the richest client experience possible.
While we’re now two weeks removed from Punxsutawney Phil’s early spring prognostication, spring doesn’t really come for us at LBF Group until after April 15th. As we’ve fully entered tax season, I see different variations of the same two texts regularly. Loosely speaking, they ask:
1.) I saw/heard (some program, article, etc.) that said my refund this...
Despite several setbacks, the IRS has officially opened up filing for the 2019 tax season. The IRS anticipates refunds to start being issued the first week of February and does not expect the government shutdown to affect the refunds of those individuals who file early, contrary to previous reports. It’s important to note that the IRS typically receives a tremendous number of phone...
The Tax Cuts and Jobs Act (TCJA) has made some changes to qualified tuition programs (“QTPs,” also commonly known as “529 plans”) that you might be interested in. These changes take effect for 529 plan distributions after 2017.
As you know, a 529 plan distribution is tax-free if it is used to pay “qualified higher education expenses” of the...
