Six Reasons Business Owners Should Hire a Tax Pro
If you heard that millions of people tried performing surgery on themselves every year, you’d likely be aghast or at least perplexed that people would take such a chance at…
How Publicly Traded Partnerships Affect Your Tax Returns
Have you invested in a PTP or are considering doing so? If so, read on... What is a Publicly Traded Partnership (PTP)? A publicly traded partnership (PTP) is any partnership…
What is a Donor-Advised Fund?
A simple, flexible and tax-efficient way to give to your favorite charities. A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you…
What is a Qualified Charitable Distribution?
Use QCDs to manage your required minimum distributions from an IRA. A qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to donate up to $100,000…
Key Decisions for Trust and Estates
The elimination of Miscellaneous Itemized Deductions that are subject to the 2% floor under the Tax Reform Act applies to Estates and Trusts. This includes Tax Preparation fees (unless they…
Maximizing Your Charitable Giving Deductions
How to get the greatest tax deduction The first question to ask is, "With the increase in the standard deduction, will I still benefit by itemizing my deductions?" If not,…