News
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November 6, 2017
Details of tax reform legislation revealed
The bill would limit like-kind exchange treatment to real estate, but a transition rule would allow completion of currently pending Sec. 1031 exchanges of personal property.
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November 3, 2017
Tax Court allows business bad debt deduction
A taxpayer establishes he was in the trade or business of making personal loans.
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October 31, 2017
For Tax Year 2016, E-File Closes on Nov. 18; After That, Disaster Victims, Others Need to File on Pa
Any taxpayer needing to file after Nov. 18 will need to do so on paper.
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October 23, 2017
In 2018, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Unchanged
The tax year 2018 adjustments generally are used on tax returns filed in 2019.
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October 20, 2017
IRS Announces 2018 Pension Plan Limitations; 401(k) Contribution Limit Increases to $18,500 for 2018
Effective Jan. 1, 2018, the limitation on the annual benefit under a defined benefit plan under Section 415(b)(1)(A) is increased from $215,000 to $220,000.
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October 19, 2017
Tax Breaks On Selling Your Home, Vacation, Or Investment Property
Remember, trying to (legitimately) minimize your tax bill is as American as apple pie.
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October 17, 2017
Security Summit Partners Mark Progress in Identity Theft Battle; Prepare for 2018 Tax Season
The IRS continues to pilot a Form W-2 Verification Code that helps verify income information and employers.
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October 12, 2017
Recovering Economy And Rising Interest Rates Help JPMorgan Overcome Wall Street's Malaise
"JPMorgan Chase delivered solid results in a competitive environment this quarter with steady core growth across the platform."-CEO Jamie Dimon.