Carland & Andersen is happy to have had Roger Warren and Colby Creasman Buchanan with the firm for one year!

Congress has passed a tax reform act that will take effect in 2018, ushering in some of the most significant tax changes in three decades. There are a lot of changes in the new act, which was signed into law on Dec. 22, 2017. Here's how the reform affects individual taxpayers:

Congress has passed a tax reform act that will take effect in 2018, ushering in some of the most significant tax changes in three decades. There are a lot of changes in the new act, which was signed into law on Dec. 22, 2017. Here's how the reform affects individual taxpayers:

There are a number of differences in the way that items of income and deduction are treated on federal and North Carolina income tax returns. We’ll approach a list of these, dealing first with items that are different- all types of business and individual returns-, and then with certain other items that are only targeted towards individuals.

Federal treatment differs from North Carolina in regards to business, whether corporate, partnership, fiduciary or individual:

New developments by the IRS and the states to combat cyber security problems

Over the past two years, the IRS has been working with state governments and tax preparation firms, to develop new ways to detect and prevent cyber fraud. Each year the IRS and the states face the challenge of sophisticated, and often organized criminals, out to create fraudulent refunds for themselves, or to gain access to the sensitive financial information contained in tax returns, to perpetrate other forms of identity theft.