Jan 2, 2019 | Helpful Articles
Much like Wilbur the pig from “Charlotte’s Web”, Qualified Opportunity Zone Tax Incentives have been generating a lot of attention. Given their ability to defer gain recognition up to 10 years, and exempt subsequent gains entirely, they should be attracting...
Dec 11, 2018 | Helpful Articles
With 2018 ending, employees with significant unreimbursed expenses are almost out of time to renegotiate their expense reimbursement terms. The Tax Cuts and Jobs Act removed the ability to deduct all miscellaneous expenses subject to a 2% limitation, including...
Dec 11, 2018 | Helpful Articles
Last year’s Tax Cuts and Jobs Act removed the itemized deduction for home equity interest for 2018 onward. At first blush this would appear a straightforward prohibition of the deduction for interest on any loan not used for the original purchase of a home. As with...
Aug 10, 2018 | Helpful Articles
In days before the world was fully explored, map makers often placed the words “here be dragons” in uncharted waters as a warning to sailors. On June 21, 2018, the Supreme Court handed down its ruling on South Dakota v Wayfair, requiring “out-of-state sellers to...
Jan 31, 2018 | Helpful Articles
If you have not updated your Form W-4 to provide for changes in the recently passed Tax Cuts and Jobs Act, you could be in for a surprise. Your previous Form W-4 likely provided for personal exemptions which were eliminated under the new tax law. A new Form W-4...
Jan 25, 2018 | Helpful Articles, Latest Tax Developments
The time to find out expenditures are no longer tax deductible is before the money is spent, not when the receipts are totaled at year end. To that end, there has been a major change in allowable deductions beginning in 2018 for meals and entertainment expenses. Tax...
