June 14,2018 New Law Eases the Individual Alternative Minimum Tax Unfortunately, the Tax Cuts and Jobs Act (TCJA) retains the individual Alternative Minimum Tax (AMT). But there's a silver lining: The […] Read more
June 14,2018 New Law Gives Eligible Pass-Through Businesses a Special Tax Break Federal income tax rates for C corporations have been reduced to a flat 21%, starting in 2018 under the Tax Cuts […] Read more
June 07,2018 Save or Shred? Follow These Recordkeeping Guidelines Are you a recordkeeping pack rat? Many individuals and businesses hold onto paper and digital records indefinitely — just in case. […] Read more
May 17,2018 FAQs about Deducting Home Loan Interest under the New Tax Law The Tax Cuts and Jobs Act (TCJA) changes the rules for deducting interest on home loans. Most homeowners will be unaffected […] Read more
January 30,2018 Retirement Account Catch-Up Contributions Can Add Up Are you age 50 or older? If so, you can currently make extra “catch-up” contributions to certain types of tax-favored retirement […] Read more
January 10,2018 Tax Cut Law: Mostly Good News for Employers and Employees The most immediate concrete change the Tax Cuts and Jobs Act (TCJA) will bring about for employers is new payroll […] Read more
October 27,2017 2018 IRS Estate and Gift Tax Inflation Adjustments The IRS has announced the 2018 inflation adjustments for many tax provisions, including exemptions for estate, gift and generation-skipping transfer […] Read more
October 24,2017 Issues Regarding Valuation of Cash and Non-Cash Assets in Estate Planning Valuation of Cash or Financial Assets Valuation of Cash or Financial Assets is determined by providing an independent statement such […] Read more
October 18,2017 Report Warns Retirees about Potential Downsides of Reverse Mortgages Reverse mortgages have been around for years. But they're getting a new spin: Some senior homeowners are tapping into their […] Read more
June 13,2017 Qualified Domestic Trusts (QDOT) The basic idea of a Qualified Domestic Trust or QDOT (normally built into most revocable living trusts) is to avoid […] Read more