While the Tax Cuts and Jobs Act (TCJA) expands some tax breaks and reduces most income tax rates, it also limits or eliminates several itemized deductions that have
When you file your 2018 income tax return, in addition to the much-discussed tax rate cuts and reduced itemized deductions, you’ll probably find some big tax law changes
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income (after deducting compensation for services in the form of guaranteed payments) aren’t subject to
The 2018 income tax return filing season was opened by the IRS on January 28. Even if you typically don’t file until much closer to the April 15
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners.
If you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your 2018 year-end donations. But what do you
A variety of the tax-related limits that affect businesses are indexed annually for inflation, and many of these have gone up for 2019. Here’s a look at some
The Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, but some taxpayers could see their taxes go up due to reductions
Most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and apply either through 2025 or are permanent, but there are two major
There isn’t too much you can do to reduce your 2018 income tax liability now that 2019 has begun. But it’s smart to begin preparing for filing your
The 2018 income tax filing season will soon be upon us. After the end of the year, it’s generally too late to take action to reduce 2018 taxes.
Do you have investments outside of tax-advantaged retirement plans? If you do, you might still have time to shrink your 2018 tax bill by selling some investments. You
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