Latest From the Blog
Tax Tip of the Week | No. 458 | Beware of the New Cap on Business Losses
The new loss limitation adds yet another hurdle to a loss deduction.
Tax Tip of the Week | No. 451 | Tax Considerations of a Reverse Mortgage
Reverse mortgages constitute a loan advance, they are not considered taxable income.
Tax Tip of the Week | No. 450 | Tax Basis of Inherited Property
Your tax basis has a direct impact on your gain or loss.
Tax Tip of the Week | No. 449 | New Tax Law (TCJA) Restricts Like-Kind Exchange Rules for Non-Real Estate Property (Ouch!)
For those exchanges completed after Dec. 31, 2017, the TCJA limits tax-free exchanges to exchanges of real property that is not held primarily for sale.
Tax Tip of the Week | No. 447 | New Tax Law (TCJA) - Rules Significantly Eased for Code Section 168 & 179
The Tax Cuts and Jobs Act (TCJA) has very favorably changed the tax rules for “accelerated” tax depreciation expense under IRC Sections 168 and 179.
Tax Tip of the Week | No. 444 | New Tax Law - 20% Pass-through Business Deduction
The rules are complex and will require careful planning to optimize any benefits.