tax

After Tax Reform, Does it Pay to Itemize?

February 18, 2019

Each year, when you file your individual federal income tax return, you have a choice: Take the standard deduction or itemize your deductions. Presumably, you’ll end up choosing whichever way resul..

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Your Business’s Real Estate: Avoiding a Costly Mistake

February 18, 2019

Your business consists of a variety of physical assets, but the largest physical asset is often the building and the land it sits on. Many businesses choose to separate ownership of the building and ..

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IRS Provides Guidance on Pass-Through Deduction

February 18, 2019

The new Section 199A “pass-through” deduction provides valuable tax benefits for owners of sole proprietorships, S corporations, partnerships and limited liability companies taxed as partnerships..

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Why You Absolutely Need a Last Will and Testament

February 18, 2019

It’s the simplest and most basic step you can take as part of the estate planning process: creating a last will and testament. So, it’s somewhat surprising that fewer than half of all Americans ..

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Planning for Net Investment Income Taxes

December 3, 2018

Despite its name, the Tax Cuts and Jobs Act (TCJA) left several taxes unchanged, including the 3.8% tax on net investment income (NII) of high-income taxpayers. Fortunately, there are some strategies ..

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Document Storage Solutions: Should You Use an Electronic Filing Cabinet?

December 3, 2018

It’s a tough challenge that almost every adult faces: storing financial and tax documents. Not only is there confusion about which documents to keep, and for how long, but people also wonder how the..

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