Starting in January, Kentuckians will begin paying less income tax. But to pay for that dip in state revenue, lawmakers tacked on dozens of expansions to the sales tax.

The IRS has announced it will begin accepting paper and electronic tax returns for the 2018 tax year on January 8 for business tax returns and January 28 for individual tax returns, but much remains to be seen about how the ongoing shutdown of the federal government will affect this year’s filings.

In Notice 2018-76, the IRS states that client and prospect business meals continue as tax deductions under the Tax Cuts and Jobs Act. This is very good news indeed.

As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next.

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