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...

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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....

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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...

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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...

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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...

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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...