Tax Planning and Analysis

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…

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Itemize Deduction vs. the Standard Deduction

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…

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Taxpayers with Children – New Tax Changes

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…

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The Gift Tax Return

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…

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