Test Rss

RSS Recent Posts

  • IRS Advisory: Prepaid Real Property Taxes May Be Deductible in 2017 if Assessed and Paid in 2017
    The Internal Revenue Service advised tax professionals  today that pre-paying 2018 state and local real property taxes in 2017 may be tax deductible under certain circumstances. The new tax law signed last week in Washington prohibited the deduction of prepaid state and local income taxes. However the new law was silent on the prepayment of
  • New 2018 Tax Law’s Business Tax Changes
    President Donald Trump signed the new 2018 tax law “Tax Cuts & Jobs Act” (TCJA) last week.  The new TCJA law is a sweeping overhaul of the tax code. Generally, the provisions in the TCJA take effect on January 1, 2018. The majority of business provisions are permanent. The reform affects taxes for the 2018
  • New 2018 Tax Law’s Individual Tax Changes: New Tax Brackets, Credits and Deductions
    President Donald Trump signed the new 2018 tax law “Tax Cuts & Jobs Act” (TCJA) last week.  The new TCJA law is a sweeping overhaul of the tax code. Generally, the provisions in the TCJA take effect on January 1, 2018. Most of the provisions affecting individuals are temporary and “sunset” after 2025, while the
  • 4 tax strategies before Jan. 1 to lower your tax bill under the new tax law
      Give more to charity in 2017. Have you been meaning to donate? If so, get it done by year’s end. It helps reduce your income this year when tax rates are higher. Plus, you might not end up itemizing next year since the standard deduction is nearly doubling. If you take the standard deduction

Categories

  • No categories