Latest From the Blog
Tax Tip of the Week | No. 452 | New Tax Law - The Common Misconceptions (That Can Get You Into Big Trouble)
Don't just read the headlines.
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. 446 | Past Due Taxes May Jeopardize Your Passport
The IRS and State Department are only now enforcing the rules, even though this law was enacted back in 2015.