IRS Says Wait a Minute

On Monday, the IRS held a hearing as they consider proposed rules to prevent states from circumventing the cap on state and local deductions as a result of the new tax law. The 2017 tax law caps the state and local tax deductions on the Itemized Deduction Schedule A...

A Little Planning Goes a Long Way

The “Queen of Soul”, Aretha Franklin, passed away last month without a will. I repeat. Aretha Franklin passed away without a will. That is amazing to me. How could a pop icon with so many decades in the music industry not take the time to plan her estate? Allegedly,...

The Long Awaited Senate Health Care Bill

Republican Senators released a draft of a health care bill that would repeal many of the tax provisions of the Affordable Care Act. This bill will be changed and amended if and/or when it becomes law. This list is from the Journal of Accountancy, 6/22/2017. • The bill...

10 Year-End Tax Planning Ideas

It is very hard to believe it is that “time of year” again.  Yes, the Holiday Season, but also the time to get your financial houses in order.  OK, not as much fun as Santa Claus, but still necessary.   Review your year-to-date paystub. Do an estimate...