Menu
Blog
Why Do I Need an Estate Plan if My Estate isn't Taxable?
October 26th, 2018
Historically, one of the reasons for creating an estate plan was to avoid one’s heirs being saddled with burdensome estate tax. For those whose estates are subject to estate tax, this is still an important motivator for estate planning. However…
Read More
Understanding the Qualified Business Income Deduction
October 17th, 2018
The Tax Cuts and Jobs Act (TCJA) has made some significant changes to the Tax Code, one of which is the implementation of the qualified business income (QBI) deduction. This deduction is found in Section 199A of the Tax Code. Although one goal of the…
Read More
How the TCJA Impacts Charitable Giving
October 2nd, 2018
The Tax Cuts and Jobs Act (TCJA) is the most sweeping tax reform in decades. When it took effect on January 1, 2018, it changed many things we have come to take for granted about taxes and tax deductions in this country. One of those is the relations…
Read More
Corporate Tax Rate Changes and Choice of Business Entity
August 10th, 2018
Choosing a business entity — whether a C corporation, S corporation, partnership, limited liability company, or sole proprietorship — is one of the first, and most important choices you will make for your business. The Tax Cuts and Jobs Act (TCJA…
Read More
Temporary Increase in Estate Tax Exemption (and Portability)
July 27th, 2018
On January 1, 2018, the Tax Cuts and Jobs Act (TCJA) took effect in the United States. The most sweeping tax reform in decades, the TCJA has affected the tax burden of both businesses and individuals, often in a favorable way. One such impact is the…
Read More
Elimination of Roth Conversion Recharacterization
July 9th, 2018
For individuals saving for retirement, one of the things that makes a Roth IRA attractive is that the account is created and funded with post-tax dollars. This means the account owner need not pay income tax on funds when they are withdrawn in retire…
Read More
Individual Income Tax Brackets Change
June 28th, 2018
You have no doubt heard a lot about the recently-enacted tax reform, and may be wondering what that means for your tax bracket. While tax reform has changed much about how we will pay taxes, one detail has not changed: there are still seven tax brack…
Read More
Professional Service Company Owners Lose Out Under TCJA
June 22nd, 2018
As 2017 drew to a close, President Trump signed his promised tax reform into law. Dubbed the “Tax Cuts and Jobs Act,” (TCJA) it was the most significant and thorough reform to U.S. tax law in more than three decades. Since it took effect…
Read More
How the New Tax Law Helps Landlords
June 8th, 2018
With the recent passage of the federal Tax Cuts and Jobs Act (TCJA), taxpayers are beginning to learn how much they stand to benefit from the new law. One of the groups of individuals that stands to benefit is landlords. If you own rental property, l…
Read More
Standard Deduction Increase vs. Elimination of Personal Exemptions: What Does it Mean?
May 2nd, 2018
Two of the changes brought about by the new Tax Cuts and Jobs Act are the increase in the size of the standard deduction and the elimination of the personal exemption. How do these two changes work, and do they offset each other? Will the change in t…
Read More




