Tax Resolution Attorney John P. Willis, Reviews Aspects of The New Tax Reform Bill
Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR answers the most pressing question about the new tax bill regarding whether it will affect the 2017 tax season.
Fairhope, AL, January 8, 2018: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently posted a new article on his website entitled “What The New Tax Bill Means For 2017 Tax Season” in which Mr. Willis provides a brief overview of basic changes in store for taxpayers.
Willis writes, “Everyone is talking about it – the New Tax Bill that was signed into law on December 20, 2017. “ He adds, “And the question most people are asking is, ‘Will it affect my 2017 taxes?’”
According to Willis, “The short answer is “no.” You’ll do everything the same this year that you did last year.” He elaborates, “If you itemize, you’ll itemize this year. All deductions are the same: the standard deduction for single taxpayers is $6,350 versus the newly passed $12,000 standard deduction, which will be eligible when you file your 2017 taxes in April 2018. Likewise, for married couples filing jointly the standard deduction of $12,700 applies on your 2017 taxes. Next year that jumps to $24,000.”
Willis continues adding, “However, according to the IRS, as reported on foxnews.com, “We anticipate issuing the initial withholding guidance (Notice 1036) in January reflecting the new legislation, which would allow taxpayers to begin seeing the benefits of the change as early as February.”
He says, “This means that you should notice a difference between how much money is withheld from each paycheck starting in February.”
The entire article can be read at: http://www.irsallstar.com/articles/what-the-new-tax-bill-means-for-2017-tax-season.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 15 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.