TCJA Changes to Education

TCJA Changes to Education

Graduation is only a month away.  The Tax Cuts and Jobs Act (TCJA) modifies or eliminates some of the benefits for people who are saving for college, people who are paying off their student loans, and students just starting out. However, many of the most popular tax...
Identity Theft and Your Taxes

Identity Theft and Your Taxes

With tax day rapidly approaching, we are focusing on identity theft and your taxes. Identity Theft and Your Taxes Your identity and money can be stolen in a tax-related scam via email (“phishing”), fax, phone, or letters. Some recent examples of identity theft scams...
TCJA: Changes to Retirement Plans

TCJA: Changes to Retirement Plans

Here’s a look at some of the more important changes in the TCJA that affect retirement plans. Except with regard to the disaster-related provisions, the changes are effective for tax years beginning in 2018. Recharacterization of IRA Contributions An individual...
Partnerships, S corporations, and Pass-Through Income

Partnerships, S corporations, and Pass-Through Income

Here’s a look at some of the more important elements of the new tax law that have an impact on partnerships, S corporations, and pass-through income.  In general, they are effective starting in 2018. New Deduction for Pass-Through Income The new law provides a...

2018 Provisions of the TCJA for Business – An Overview

The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package.  Here’s a look at some of the more important elements of the new law that have an impact on business.  Unless otherwise notes, the changes are effective for tax years beginning in 2018...