IRS Inflation Adjustments for 2021
- November 13, 2020
The IRS has recently released their inflation adjustments for the tax year 2021. More than 60 tax provisions were revised including...
Tax Planning Strategies for Businesses
- November 13, 2020
As 2020 draws to a close, there is still time to reduce your 2020 tax bill and plan ahead for 2021....
Ensure Your Contribution Goes to a Legitimate Organization
- September 9, 2020
Every year, Americans donate millions of dollars to various charities. When making these donations, it is important that every donation be...
Long-Term Care Expenses: What Can You Deduct?
- August 6, 2020
Written by Olivia Cole Long-Term Care Expenses: What Can You Deduct? As we age, our families are often burdened with the...
Required Minimum Distributions (RMDS) Changes in 2020
- August 3, 2020
Written by Jennifer Cochran The Cares Act includes several measures designed to stimulate the economy. One provision allows retirees to forgo...
How do I net capital gains and losses for year end tax planning?
- July 28, 2020
Written by Jennifer Cochran With the extended July 15th tax deadline past us, now is a great time to think about...
Taxing Issues Related to Cryptocurrency
- January 30, 2020
Written by Jay Logal The IRS has made cryptocurrency (bitcoin) a hot button topic. They recognize that taxpayers are not reporting...
Safe Harbor for Rental Real Estate Update
- November 19, 2019
The new tax law effective for the 2018 tax year provides a new income tax deduction for business income earned from...
Depreciation Update for 2019
- November 11, 2019
Depreciation is a great way to reduce your taxable income. With 100% bonus and section 179 you can eliminate most or...