Archive

05Apr2018

Personal Casualty Losses Axed by the New Tax Law

    Article Highlights:   Casualty Losses Deduction Suspension Disaster Related Casualty Losses Insurance Coverage Note: The is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which passed in late December 2017, could affect you
  • 5 Apr, 2018
  • Jacqueline Cran
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02Apr2018

Tax Reform Limits Exchanges to Defer Taxes

Article Highlights: Deferring Tax with Like-Kind Exchanges Changes Made by Tax Reform Impact on Trade-ins Note: This is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts & Jobs Act (referred to as the “Act” in the article), passed late in December 2017, might affect you
  • 2 Apr, 2018
  • Jacqueline Cran
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29Mar2018

Tax Reform Cracks Down on IRA Recharacterizations

  Article Highlights:   Tax Trap Traditional IRA Roth IRA Traditional to Roth Conversions Undoing a Conversion Note: The is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts & Jobs Act (referred to as the “Act” in the article), passed late in December 2017, might
  • 29 Mar, 2018
  • Jacqueline Cran
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20Mar2018

Checking Your Federal Refund Status is Easy

  Article Highlights 24/7 Access Quick Posting Direct Deposit Necessary Information If you have already filed your federal tax return and are due to receive a refund, you can check the status of your refund online. Where’s My Refund? is an interactive tool on the IRS website. Regardless of whether you have split your refund among
  • 20 Mar, 2018
  • Jacqueline Cran
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15Mar2018

Employee Business Expenses & Tax Reform

    Article Highlights: Miscellaneous Itemized Deductions Subject to the 2% AGI Floor Employee Business Expenses Employee Reimbursement Plan (Accountable Plan) Note: The is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which passed in
  • 15 Mar, 2018
  • Jacqueline Cran
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13Mar2018

Business Income and Tax Reform

    Article Highlights: Sec 199A Deduction Qualified Business Income Threshold Specified Service Businesses Limitations Wage Limit Aggregating Amounts Note: The is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which passed in late December
  • 13 Mar, 2018
  • Jacqueline Cran
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28Feb2018

Medical Deductions & The New Tax Law

    Article Highlights: Medical Deductions Retained by the Tax Reform Law Adjusted Gross Income Floor Dropped to 7.5% The Standard Deduction Bunching Medical Deductions Unusual Medical Deductions Medical Dependents Divorced Parents Note: The is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act
  • 28 Feb, 2018
  • Jacqueline Cran
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26Feb2018

New Tax Law Severely Limits Entertainment Deductions

    Article Highlights: Business Entertainment Expenses Business Meals Directly Related To Test Associated With Test Employee Meals Note: This is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which passed in late December 2017,
  • 26 Feb, 2018
  • Jacqueline Cran
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23Feb2018

Deducting Business Losses Under the New Tax Reform

    Article Highlights: Excess Business Loss Computing the Loss Limits Net Operating Losses (NOL) NOL Carryovers Note: This is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which passed in late December of 2017,
  • 23 Feb, 2018
  • Jacqueline Cran
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21Feb2018

Surprise! Extender Bill Passed

    Article Highlights: Mortgage Insurance Premiums Above-the-Line Education Expenses Exclusion of Home Cancellation of Debt Income Credit for Nonbusiness Energy Property Credit for New Qualified Fuel Cell Motor Vehicles Credit for Alternative Fuel Vehicle Refueling Property Credit for 2-Wheeled Plug-In Electric Vehicles Credit for Energy-Efficient New Homes Race  Horses as 3-Year Property Energy Efficient
  • 21 Feb, 2018
  • Jacqueline Cran
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