Jerry Jones CPA
Wouldn’t it be nice to have a CPA that you deal directly with, that understands your business, that works in all 50 states and is there for you when you need him?
"For more than 30 years, I have relied on Jerry Jones to provide me with critical guidance for both investment decisions and tax strategies. His opinions have been crucial in helping me make the best possible business decisions, as well as providing me with sound advice regarding personal tax planning".
Steve Tillett

In 2018, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Unchanged

start-business-tax-rulesThe Internal Revenue Service today announced the tax year 2018 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2017-58 provides details about these annual adjustments. The tax year 2018 adjustments generally are used on tax returns filed in 2019. The tax items for tax year 2018 of greatest interest to most taxpayers include the following dollar amounts:

The standard deduction for married filing jointly rises to $13,000 for tax year 2018, up $300 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $6,500 in 2018, up from $6,350 in 2017, and for heads of households, the standard deduction will be $9,550 for tax year 2018, up from $9,350 for tax year 2017.

Choose a Convenient IRS Payment Option

credit card payment tax payment jerry jonesIt’s never been easier to make a tax payment. You can pay online, by phone or with the IRS2Go app. You can view your options at IRS.gov/payments. The October 16 deadline for extension filers is near. If you need to pay your taxes, consider one of these payment options. 

With IRS Direct Pay, you can pay with your checking or savings account immediately or schedule your payment in one single online session that’s secure, easy and free. You can opt in to receive email notifications about your payment each time you submit a payment with Direct Pay.

IRS Issues Urgent Warning to Beware IRS/FBI-Themed Ransomware Scam

IRS malware ransomeware scam jerry jones cpaWASHINGTON – The Internal Revenue Service today warned people to avoid a new phishing scheme that impersonates the IRS and the FBI as part of a ransomware scam to take computer data hostage.

The scam email uses the emblems of both the IRS and the Federal Bureau of Investigation. It tries to entice users to select a “here” link to download a fake FBI questionnaire. Instead, the link downloads a certain type of malware called ransomware that prevents users from accessing data stored on their device unless they pay money to the scammers.

You Can Access Secure Federal Tax Information Online

federal tax information Jerry Jones CPAThe IRS continues to expand taxpayer services by adding new features to online tools. You can access your federal tax account through a secure login at IRS.gov/account. Once in your account, you can view the amount you owe along with details of your balance, view 18 months of payment history, access Get Transcript, and view key information from your current year tax return. In addition, you can pay from your bank account with a debit or credit card and apply for an online payment agreement if you need more time to pay.

Summertime or Anytime: Get Tax Help 24/7 on IRS.gov

IRS tax help Jerry Jones CPA deductionTax help and information is available whenever needed on IRS.gov. Find publications, handy apps and full instructions on many topics. Here are good reasons to visit IRS.gov this summer:

  • Use IRS Free File. Taxpayers who still need to file a 2016 return can use IRS Free File to e-file for free. Free File is available through Oct. 16. Those who earned $64,000 or less can prepare and e-file taxes with free tax software. Taxpayers who earned more can use Free File Fillable Forms. This option is the electronic version of IRS paper forms.

  • Check on a refund. The Where’s My Refund? tool is a fast and easy way to check on a tax refund. Use the IRS2Go mobile app to access it or click on the “Refunds” tab on IRS.gov.

  • Try IRS Direct Pay. Taxpayers who owe taxes can pay them with IRS Direct Pay. It’s the safe, easy and free way to pay from a checking or savings account. Just click on the “Pay Your Tax Bill” link on the IRS home page.

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