News
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January 3, 2018
Charting a new tax season
Mark out a clear route.
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January 2, 2018
Mortgage broker is not a real estate professional
Sec. 469(a) disallows a passive activity loss.
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January 1, 2018
IRS Issues Guidance on Transition Tax on Foreign Earnings
The transition tax generally may be paid in installments over an eight-year period.
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December 28, 2017
IRS says many who prepaid property taxes may still face cap on deductions
Nationally, more than 96 percent of tax increases resulting from the loss of the state and local deduction will be paid by those in the top 20 percent of the income distribution
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December 28, 2017
GOP Business Tax Cuts Force Other Countries to Compete
Reports from around the globe suggest that rates are coming down.
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December 27, 2017
Tax Bill Could Spur More IRA Gifts To Charity
The maximum you can roll over to charity in any year is $100,000, but you can also make smaller gifts to a few charities.
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December 22, 2017
Congress takes a holiday break with much to do in new year
The stopgap legislation would keep the government from closing down at midnight Friday.
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December 22, 2017
The New 2018 Federal Income Tax Brackets & Rates
The top rate will fall from 39.6% to 37%. The bottom rate remains at 10%, but it covers twice the amount of income compared to the previous brackets.