When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you — besides the much-discussed tax rate cuts and reduced itemized deductions. For 2018 through 2025, the Tax Cuts and Jobs Act…
Fundamental Tax Truths for C Corporations
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners, but some fundamental tax truths for C corporations largely remain the same:…
2 Major Tax Law Changes for Individuals in 2019
While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply through 2025 or are permanent, there are two major changes under the act for 2019. Here’s a closer look. 1. Medical…
Prepay Property Tax by December 31, 2017 to maximize deductions
With the 2018 tax reform finalizing, you may want to prepay your property taxes to take advantage of this deduction before it is limited to $10,000 between state and property taxes on your federal itemized deductions. We spoke with the…
Last Minute 2017 Year-End Moves in light of Tax Cuts and Jobs Act
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will…