NLATI News

Quiz – Do You Know Your Income Tax History?

Quiz – Do You Know Your Income Tax History?

Independence Day is almost upon us.  If you're like me, you may be attending a fireworks show, or working in a fireworks booth helping to raise money.  We fought the Revolutionary War over taxation, so I thought we'd see how much you know about the history...

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Getting Married? Start Your Marriage Off Right

Getting Married? Start Your Marriage Off Right

In the western United States, the most popular months for getting married are June through September.  In today's wacky world, some couples enter into marriage with no knowledge of or communication about their financial status.  91% of couples find reasons...

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Home Equity Loan Interest

Home Equity Loan Interest

Responding to many questions received from taxpayers and tax professionals, the IRS said in a recent news release that despite newly-enacted restrictions on home mortgages, taxpayers can often still deduct interest on a home equity loan, home equity line...

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Moving Out?

Moving Out?

Are you ready to move out?Just recently we encountered a young man, just starting out in life.  He's nineteen years old, attending college, working, and was evicted from his home.  Now he's looking for a new place to hang out but living quarters are not...

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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...

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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...

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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...

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