Tax Planning
The new tax law will change divorce tactics
May 18, 2018
When couples divorce, financial negotiations often involve alimony. The tax rules regarding alimony were dramatically changed by the Tax Cuts and Jobs…read more
New tax deduction for pass-through entities
May 11, 2018
Many small businesses are pass-through entities, including S Corporations, partnerships, sole proprietorship, LLCs, and LLPs. The label indicates that all business earnings…read more
Positive prognosis for medical deductions
April 30, 2018
Many miscellaneous itemized deductions, including unreimbursed employee business expenses (see the CPA Client Bulletin, February 2018), no longer can be used to…read more
Regard Roth conversions carefully
April 25, 2018
The article “Rethinking Retirement Contributions” explains why the new TCJA devalues putting money into traditional tax-deferred plans and favors Roth versions. Does…read more
Rethinking retirement contributions
April 21, 2018
The TCJA generally lowered federal income tax rates, with some exceptions. Among the ways in which lower rates impact tax planning, they…read more
Deducting employee business expenses
March 30, 2018
If you work for a business, you might incur certain expenses that are related to your job. In some cases, those expenses…read more
Year-End Thank You Gifts From Business Owners
January 30, 2018
During the holiday season, it’s natural for business owners to think about giving something to key individuals. On your list might be…read more
Win With a Roth IRA Reversal
January 24, 2018
IRAs mainly come in two broad categories: traditional and Roth. Traditional IRAs may be funded with pre-tax or after-tax dollars and are…read more
Year-End Business Tax Planning
January 5, 2018
IRC Section 179 permits “expensing,” or first-year tax deduction, of outlays for business equipment that otherwise would be recovered through depreciation over…read more
Year-End Tax Planning for Charitable Donations
December 29, 2017
Some surveys indicate that more than 30% of all charitable giving occurs in December, and that over 10% of donations are made…read more