September typically marks the beginning of "tax planning season" for many clients, especially business owners, who are trying to get a handle on their upcoming tax obligations. Below is some…
Another new tax law change: The standard deduction for tax year 2018 almost doubled from 2017. With this increase, along with the changes to itemized deductions, the IRS predicts that…
The Tax Cuts and Jobs Act made sweeping changes that impact deductions and credits related to family and dependents. Personal and Dependent Exemptions In 2017, you were allowed an exemption…
It's been estimated that the number of people who itemize will fall by more than half in 2018 because of changes made by the Tax Cuts and Jobs Act (TCJA;…
Many times, clients are surprised to find they must file a gift tax return, even when they don't owe gift or estate taxes. The IRS can impose penalties for not…
The new tax year is a true game-changer for taxpayers and their advisers, as many fundamental, decades-old tax rules have been repealed or suspended, with many new ones going into…
