September 10, 2019
One major change in The Tax Cuts and Jobs Act was the generous federal estate and gift tax exemption, which doubled from $5 million to over $11 million. Effectively, this means that only the very affluent…
Read More...May 28, 2019
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…
Read More...March 29, 2019
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…
Read More...March 20, 2019
Is alimony still deductible by payers and taxable to recipients? It depends. There is some confusion around recent tax law changes, but the prior rules generally remain in effect for divorce and separation agreements entered…
Read More...March 06, 2019
Let’s Talk Tax Reform For years, tax filers have valued a long list of itemized deductions which reduced their taxable income. Much of that is history now that the Tax Cuts and Jobs Act is…
Read More...March 06, 2019
This is the first tax year under the Tax Cuts and Jobs Act. So what can you expect? Here are answers to some frequently asked questions. Let’s Talk Tax Reform 1. Do I still…
Read More...March 05, 2019
In the past, you could claim a limited charitable deduction if your contributions provided you with preferred seating in the stadium or some other comparable benefit. But that’s no longer the case. Let’s Talk…
Read More...February 15, 2019
Many Americans who have already prepared their tax returns are complaining that they are getting a smaller refund than last year, so they assume the new tax laws are hurting them. The size of a…
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