Category: Tax Cuts and Jobs Act of 2017
Millennials turning 26 years old are celebrating this birthday as a milestone. According to a recent survey, it’s embarrassing if you…
Tax deductions on home equity loans and mortgages have long benefited homeowners. These deductions allow homeowners to reduce their taxable income by…
The best-laid plans of mice and taxpayers often go astray and leave both in a dark place with no easy way out. Without strategies, even sensible…
The IRS is paying close attention to Bitcoin and cryptocurrency transactions and has sent letters to cryptocurrency users. A nice way to say, “We…
Why protect your business from legal taxes? Simple. It’s almost immoral and should be illegal to pay all the legal taxes that assault your business,…
Federally Declared Disaster designation laws and TCJA of 2017 make claiming casualty loss tax deductions impossible for some victims of fire, flood,…
2019 QBI deductions and 199A regulations and guidance implementing QBI Section 199A deduction were released by the IRS January 18, 2019, and on April…
New 2019 proposed opportunity funds regulations hand over a set of keys, although some not as bright as others, that open gateways to the Land of OZ.…
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to qualified employers and tax-exempt organizations when they hire…
As more people are retiring with Social Security benefits there are also more people unsure as to whether they owe taxes on their benefits and are…