There were a lot of provisions to the reform bill or Tax Cuts and Jobs Acts recently, reducing taxes for most business such as a change on corporate tax rate cut from 35% to 21% and...
While your accountant may be in-the-know, much remains to be seen by the majority of Americans in relation to recent tax reform by the Trump administration. Existing tax structures...
There has been a lot of movement in the Tax Cuts and Jobs Act lately, however, one of the most significant tax reforms introduced is the tax law related to pass-through businesses....
January 2018Tax Reform Provides New 20% DeductionThe new 2018 Section 199A tax deduction that you can claim on your IRS Form 1040 is a big deal. There are many rules (all new, of course),...
The biggest news about the Tax Cuts & Jobs Act (TCJA) that was recently passed by the U.S. Congress is that it has special deductions for business owners. If you have a partnership,...