IRA to Waive Estimated Tax Penalties for Individuals Following TCJA 
 
The IRS is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

For any questions, please contact John Rittichier, CPA at [email protected] or 800.880.7800 ext 8484 or Mike Vogel, CPA at [email protected] or 800.880.7800 
ext 1358.
Final Regulations Governing the New Partnership Audit Regime Issued
   
Effective for tax years beginning on or after January 1, 2018, a new audit regime for examining partnership tax returns and collecting any related tax will apply, replacing the old process known generally as the TEFRA rules.   Click here for more information.
 
For any questions, please contact John Rittichier, CPA at  [email protected] or 800.880.7800 ext 8484 or Mike Vogel, CPA at  [email protected] or 800.880.7800 
ext 1358.

Despite Shutdown, IRS Will Process Returns and Issue Refunds
The IRS confirmed that the tax filing season will begin January 28, 2019, despite the current federal government shutdown.  Click here for more information. 

For any questions, please contact John Rittichier, CPA at  [email protected] or 800.880.7800 ext 8484 or Mike Vogel, CPA at  [email protected] or 800.880.7800 
ext 1358.
Tax Reform's Impact on Business and Professional Service Firms
   
Since the Tax Cuts and Jobs Act of 2017 was passed, many businesses have begun to analyze the new law to determine how it may impact their businesses, their partners and their shareholders. In addition to the broader questions related to choice of entity, businesses must also consider how key changes to the tax code affect their businesses, partners and employees.   Click here for more information.

For any questions, please contact John Rittichier, CPA at  [email protected] or 800.880.7800 ext 8484 or Mike Vogel, CPA at  [email protected] or 800.880.7800 
ext 1358.
ABOUT HARDING, SHYMANSKI & COMPANY, P.S.C.
  
Harding, Shymanski & Company, P.S.C. is a public accounting firm with offices in Evansville,
Indiana, and Louisville, Kentucky. We are one of the largest accounting firms in Southern Indiana and Kentucky, providing experienced professionals who look beyond the numbers to the heart of complex issues.

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SEE WHAT OUR CLIENTS ARE SAYING...
 
As a global transport, travel, and hospitality company, our goal is to set the marine industry standard for ethics, professionalism and performance. Over a decade ago, when we were looking for a new CPA firm, we engaged in a rigorous selection process that would meet the exceedingly high standards we hold ourselves accountable to every day. Harding, Shymanski & Company does that.

Our company has grown substantially since those early years. As a fast growth company, we have needed our advisors to be responsive to complex matters, sometimes on a moment's
notice. Harding, Shymanski & Company has always provided excellent service in a professional, proactive, and timely fashion. They have been there for us whether that was performing financial audits of our companies and ERISA benefit plans, or providing tax services, business planning, valuation services, or personal tax and estate planning. I consider Harding, Shymanski & Company to be one of my most trusted advisors.
Disclaimer: The information contained in this email is for general guidance on matters of interest only. The publication does not, and is not intended to provide legal, tax or accounting advice.

Harding, Shymanski & Company, P.S.C.
800.880.7800 | [email protected]  | www.hsccpa.com