Gifts to Loved Ones May Have Tax Consequences
Gift Tax 101 According to the Pew Research Center, 10,000 baby boomers will reach age 65 every day for the next 19 years. This is the time many baby boomers…
Gambling Wins and Losses Have Tax Consequences
Did You Win Big? Time to Pay the Tax-Man Gambling wins and losses can affect your income tax bill and it’s important to understand how. Additionally, the Tax Cuts and…
Tax Planning for Investments Gets More Complicated
Tax planning for investments It’s definitely tax planning time and this year the Tax Cuts and Jobs Act (TCJA) could create some unintended consequences for taxpayers. For investors, now is…
IRS Clarifies the Business Meal Deduction
The business meal deduction and your business The IRS issued interim guidance yesterday on the business meal deductibility under the Tax Cuts and Jobs Act (TCJA) clarifying that taxpayers can…
2018 Q4 tax calendar: Tax Deadlines for businesses and other employers
Check these key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines…
Teachers receive a well-deserved tax break
Teachers give so much to their students. They give them knowledge, fuel their imaginations, and encourage exploration into new subjects. And to best meet the needs of their students, it’s…
Choose the Right Accounting Method for Tax Purposes
Taxes and the Right Accounting Method A small business taxpayer now under the Tax Cuts and Jobs Act (TCJA) can obtain automatic consent to change its method of accounting. TCJA…
Kiddie Tax Sounds Innocent, But It Can Be Fierce
Kiddie Tax – What You Need to Know Now In days gone by, some parents and grandparents would attempt to put investments in the names of their young children or…
Go Green at Home and Save on Taxes
Go green at home and help save the environment, energy, and money Going green at home is good for the environment and it can help you save on your energy…
New rules for deducting pass-through business losses
New rules for deducting pass-through business losses It’s important to stay ahead of the Tax Cuts and Jobs Act (TCJA) changes to avoid negative surprises. One change is the TCJA…