Feeling generous? The COVID-19 pandemic has put millions of taxpayers out of work, putting a strain on charitable organizations. To provide some relief, as part
Read MoreTag: Tax Cuts and Jobs Act
IRS Provides Relief & Some Clarity On Healthcare Reporting
The death of the Affordable Care Act may have been exaggerated, but some provisions, like the shared responsibility payment, have effectively been killed off. Beginning
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Ask The Taxgirl: Are Home Equity Loans Still Deductible?
Taxpayer asks: In September 2017 we refinanced our house to pay off crushing credit card debt we incurred during the recession and could not hope
Read MoreA Quick Comparison Of Tax Reform Changes
Tax reform means some pretty significant changes for taxpayers in 2018. Want to know what’s new? Here’s what you need to know – with charts!
Read MoreFix The Tax Code Friday: Personal Exemptions
Today’s Fix The Tax Code Friday question: Should Congress set the personal exemption amount to zero permanently?
Read MoreNew Pass-Through Rules Could Add $1.3 Billion In Compliance Costs
Earlier this week, the Internal Revenue Service (IRS) issued proposed regulations for Section 199A, a key element of the Tax Cuts and Jobs Act. The section 199A
Read MoreHouse Committee Introduces Tax Reform 2.0
Think that we’re done with tax reform? The Tax Cuts and Jobs Act (TCJA) was passed in December of 2017, with many of the provisions
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New Tax Law Complicates Business Travel
As part of the Tax Cuts and Jobs Act, there have been changes to the deductibility of business-related meals and entertainment expenses. Here’s what you need to know.
Read MoreIRS Will Issue SALT Transaction Guidance
The Internal Revenue Service (IRS) has advised that it intends to propose regulations which will address attempts to re-characterize state and local tax payments following tax reform.
Read MoreIt’s Time For A Checkup On Your Taxes
Did you itemize your deductions on a Schedule A last year? If so, the Internal Revenue Service (IRS) encourages you to do a quick checkup on your taxes to avoid any nasty surprises at year end.
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