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Feb 19, 20194 min read
Tax Reform Has Substantially Altered the Tax Benefits of Home Ownership
Article Highlights: Pre-Tax Reform Home Mortgage Interest Deduction Home Acquisition Debt Home Equity Debt Tax Reform Mortgage Interest...
Feb 13, 20193 min read
Filing a 1099-MISC May Now Apply to Landlords. Are You Collecting the Needed W-9s?
Article Highlights: $600 Threshold Exceptions Form W-9 Impact of Tax Reform 1099-MISC Filing If you use independent contractors to...
Feb 12, 20194 min read
Your Tax Documents Should Be Arriving Soon
Article Highlights: Information Reporting IRS Matching List of Documents To ensure individuals properly report all of their income, the...
Feb 6, 20194 min read
Vacation Home Rentals: How the Income Is Taxed
Article Highlights: Home never rented Home rented for fewer than 15 days Home rented for at least 15 days with minor personal use Home...
Feb 5, 201911 min read
Unforced Errors - The 8 Most Common IRS Tax Penalties and How to Avoid Them in 2019
You know the old line about the inevitability of death and taxes? It’s still true. What isn’t inevitable, however, is the need to pay...
Feb 5, 20193 min read
February 2019 Individual Due Dates
February 1 - Tax Appointment If you don’t already have an appointment scheduled with this office, you should call to make an...
Jan 30, 20193 min read
Here's How to Use 2019 as a Chance to Save More Money Than Ever in the Long Run
A new year is nothing if not a new opportunity – and one that it would be an absolute shame not to take full advantage of. Every January,...
Jan 30, 20195 min read
Several Ways to Defer the Tax on Gains
Article Highlights: Tax Deferred Exchanges Installment Sales Qualified Opportunity Funds When a sale of a business or investment property...
Jan 30, 20192 min read
Reasons Why Your Small Business Needs an Employee Identification Number
Entrepreneurs often shrug off the idea of obtaining an employer identification number, or EIN, believing that their small business really...
Jan 29, 20192 min read
IRS Giving a Break to Some Taxpayers Who Under-prepaid Their 2018 Taxes
Article Highlights: Tax Reform Prepayments W-4 Safe Harbor Payments Penalty Waivers & Exceptions Taxpayers are required to pre-pay their...
Jan 29, 20194 min read
Important – Rental Owners! Guidance Related to the 20% Pass-Through Deduction
Article Highlights: 199A 20% Pass-Through Deduction Rental Safe Harbor Qualifications Books & Records 250 Hours Contemporaneous Record...
Jan 23, 20193 min read
Short-Term Rental, Special Treatment
Article Highlights: Airbnb, VRBO, and HomeAway Rented for Fewer Than 15 Days during the Year The 7-Day and 30-Day Rules Exceptions to the...
Jan 22, 20192 min read
Getting the W-4 Right Is Important
Article Highlights: W-4 Complications Working Spouse Adjusting Refund Other Income and Tax Issues As they do at the beginning of every...
Jan 16, 20198 min read
Tax Time Is Around the Corner! Are You Ready?
Article Highlights: Time to gather your information for your tax appointment New for 2018 Choosing your alternatives Tips for pulling...
Jan 15, 20195 min read
Don’t Be a Victim of Cybercrooks
Article Highlights: What They Are After Email Attachments or Links Emails from the IRS Detecting Phony Email Addresses Embedded...
Dec 27, 20182 min read
Will Gifts Now Using the Temporarily Increased Gift-Estate Exclusion Harm Estates after 2025?
Article Highlights: Annual Gift Exclusion Unified Gift-Estate Exclusion Tax Reform’s Temporary Exclusion Increase Taxpayer-Friendly...
Dec 26, 20183 min read
2019 Standard Mileage Rates Announced
Highlights: Standard Mileage Rates for 2019 Business, Charitable, Medical and Moving Rates Important Considerations for 2019 Switching...
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