Watch Out For a $1,500 Tax Hike When Your Child Turns 17
Do you have a child who turns 17 in 2019? If so, you may be in for a tax hike next year. Why? Because the child tax credit ends the year…
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The New 1040 Tax Form
While the new Form 1040 is smaller, the IRS has added six new numbered schedules that feed into this form. As a result, the new 1040 is in some…
How Much Does it Cost to Get Your Tax Return Prepared?
Maybe you’re looking for a new accountant, or maybe you’re fresh out of college and have never had to file a tax return before. While price is an important consideration…
Beware, Your Interest Deduction May be Limited Under New Law
Prior to the Tax Cuts and Jobs Act, taxpayers could deduct interest on mortgage loans up to $1 million as long as the proceeds were used for the purchase of…
New IRS Regulations Put an End to a Real Estate Strategy for Saving Taxes with Section 199A
Last December’s tax reform was billed as the Tax Cuts and Jobs Act, and to that end, small businesses received a valuable deduction with the idea that the tax savings…
New Tax Implications of Trading in a Company Car
For decades, business vehicle trade-ins have been treated as like-kind exchanges. A like-kind exchange, also known as a 1031 exchange, allows business owners or investors to exchange like property for…