Tax Resolution Attorney John P. Willis Reviews New Tax Law Changes That Are Likely To Affect Many Taxpayers

Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR reminds readers about the most important changes resulting from the Tax Cuts And Jobs Act that went into effect late last year.

Fairhope, AL, January 4, 2019: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently posted a new article on his website entitled “Be Sure You’re Not Counting On Deductions That Were Eliminated” Mr. Willis expands on each item for the convenience of his readers.

John P Willis“Late last year,” writes Willis, “the new tax bill went into effect and there have been a lot of changes made between then and now. It’s important to review what changes are likely to have a great effect on many taxpayers.”

The first elimination Willis addresses is moving expenses. Willis writes, “Under the new tax law, if you moved for your job, your moving expenses are no longer tax deductible.” He goes on to say, “This could be a big surprise for some of you. The only time a move is now tax deductible if for active-duty military personnel.” He adds, “So, if you moved during the year and didn’t negotiate a moving reimbursement with your employer, you may be out of luck. If you are planning a job-related move in the future, be sure to negotiate expense reimbursement with your employer or know that you’ll be eating it.”

Next elimination involves dependents. As Willis states, “The kiddos are no longer good for a $4,050 tax exemption.” He states, “Yep, that one has been wiped out.” He continues, “But there’s a little bit of good news. If you can send your kids to camp over the holidays while you have to work, you can get a Child and Dependent Care Credit up to $1,050 for one child and up to $2,100 for two or more kids. In addition, you get the Child Tax Credit which has doubled and is now $2,000 per dependent under 17. That’s how it goes, you win some, you lose some.”

The entire article can be read at: http://www.irsallstar.com/articles/be-sure-youre-not-counting-on-deductions-that-were-eliminated.php

ABOUT JOHN WILLIS

Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 19 years and he brings together an abundance of skills and experience that can be of assistance to almost anyone.

ABOUT THE IRSALLSTAR TEAM

The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed, and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities.

To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.

Posted Under: IRSALLSTAR, John P. Willis