Tax news: September ’18

  • September 01, 2018

FBAR extension … State tax amnesty … Regs for pass-throughs … States sue the feds … Draft dodgers

To buy or lease? That is the question

  • August 30, 2018

It’s an age-old question with a new twist: Should you buy or lease equipment and other business property? While the Tax Cuts and Jobs Act improves the tax incentives...

Squeeze under interest deduction cap

  • August 27, 2018

Watch out for a new deduction limit for business interest. Under the Tax Cuts and Jobs Act, this deduction can’t exceed 30% of an affected business’s adjusted...

Steer your kids into a Roth IRA

  • August 22, 2018

Suppose your teenaged child worked this past summer and raked in the money. Typically, your progeny might have an eye on the latest video game or smartphone, but there...

Small Business Tax Q&A: July ’18

  • July 25, 2018

Tax twists for teenage child ... Getting personal about corporations ... Lost deduction for IRA fees ... Donating Savings Bonds to charity

Score tax points for a mortgage

  • July 16, 2018

Are you or someone else in your family buying a home? Mortgage interest rates are still favorable by historical standards, but you might decide to pay one or more...

Squeeze the most out of net operating losses

  • July 05, 2018

The new Tax Cuts and Jobs Act reduces the tax benefits of net operating losses claimed by businesses. Strategy: When possible, time NOLs to your tax advantage. Depending...

Tax News: July ’18

  • July 01, 2018

The Tax Exempt Organization Search ... New tips on tips ... Online audits are coming ... Educational tax breaks to be consolidated ... Blue Book delayed

Face up to the AMT in ’18

  • June 28, 2018

Although the new Tax Cuts and Jobs Act reduces exposure to the alternative minimum tax for millions of taxpayers for 2018-2025, it doesn’t provide complete protection....

5 ways to juice charity write-offs

  • June 21, 2018

Due to several changes in the Tax Cuts and Jobs Act, there is less tax incentive to give to charity. Because many taxpayers are no longer itemizing deductions, they will...

Small Business Tax Q&A: June’ 18

  • June 15, 2018

Limit on state tax options ... Max out Section 179 deduction ... Avoid tax underpayment penalty ... Parental guidance on education credits