2018 Year-End Tax PlanningTax Reform 2.02018 Post-Filing Season UpdateCongress Approves Sweeping Tax Overhaul
Estimated Tax Penalty Waived for Farmer and Fisherman Returns Filed by April 15
The IRS will waive the estimated tax penalty for any qualifying farmer or fisherman who files their 2018 federal income tax return and pays any tax due by Monday, April 15, 2019. The deadline is Wedne...
JCT Issues Overview of Section 199A QBI Deduction
The nonpartisan Joint Committee on Taxation (JCT) on March 13 released a slideshow overview of the Code Sec. 199A deduction for qualified business income (QBI). The deduction was enacted und...
IRS Issues FAQs on FATCA Procedures
The IRS has updated its Frequently Asked Questions (FAQs) on FATCA (Foreign Account Tax Compliance Act) General Compliance.Updated Q/A #23 addresses whether a withholding agent can be subjec...
Acquiescence in Result Only in Meals as De Minimis Fringe Benefits Case
The IRS has acquiesced in result only in J.M Jacobs,148 TC No. 24, Dec. 60,947, relating to whether the taxpayer’s expenses for provision of pregame meals at away city hotels to profes...
IRS Issues FAQ on Deduction of Attorney Fees
The IRS has issued a Frequently Asked Question (FAQ) on Code Sec. 162(q). The FAQ addressed whether taxpayers are not allowed to deduct their attorney’s fees related to the settlement of a ...
PA - Tax deadline approaches for Philadelphians
Taxpayers in Philadelphia, Pennsylvania, are reminded of the upcoming deadline for property taxes.Payment Deadline2019 real estate taxes must be paid by March 31, 2019.Ways to PayThe taxes can be paid...
Are You Looking for an Experienced CPA?
Welcome! Thank you for considering Robert A. Romako, CPA for your tax and business advisory needs. I believe you'll find my firm a refreshing change from how you may be accustomed to working with other accountants. Discover the difference!
Why choose Robert A. Romako?
All CPA firms promise you personal service, but who is actually doing the work? Is it the experienced partner, or the new staff hire? Does your CPA help you plan, or merely react? Consider the following:
NOW ACCEPTING NEW CLIENTS FOR 2019!