The Tax Cuts and Jobs Act (TCJA) passed by Congress was the most sweeping overhaul to the United States tax code in over 30 years.  Although many politicians promised “simplification,” most tax professionals would certainly…

Summer is almost here and many taxpayers turn to sailing and joy rides on the water. Be aware that there are beneficial tax breaks available to boat owners. It’s well known that a home can…

April 15th came and went without filing your tax return. Now what? It is easy to put off filing your taxes. Life is a jam packed with places to be and things to do. Finding…

The home sale exclusion is one of the biggest tax breaks around. If you qualify, you can exclude tax on up to $250,000 of profit from a sale if you’re a single filer or $500,000…

Believe it or not, the months following April 15th are actually the best time to jump back into things and start preparing for the next tax year. As your finalized tax return is fresh and…

Crowdfunding started as a way for entrepreneurs to fund new enterprises. Then charities started getting in on the act through platforms like GoFundMe and Kickstarter. This has resulted in grassroots appeals for worthy causes around…

The kiddie tax isn’t just child’s play. Due to recent tax law changes, children with substantial income may end up paying more in taxes than before. Fortunately, you can take steps now to minimize the…