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May 29, 20183 min read
Choosing Your Accounting Method Under New Tax Laws
Businesses today must take a closer look at their accounting methods. Since the passage of new tax laws, with changes to thresholds for...
May 23, 20183 min read
Big Changes to the Kiddie Tax
Article Highlight: Prior Law New Law Earned Income Unearned Income Fiduciary Rates Strategies Years ago, to prevent parents from...
May 22, 20183 min read
Should I Use a Credit Card to Pay My Taxes?
With tax filing season out of the way, paying off those tax bills that weren't paid by April 18th is the next major concern for people....
May 22, 20182 min read
Good and Bad News About The Home Office Tax Deduction
Article Highlights: Home Office Qualifications Actual-Expense Method Simplified Method Income Limitation Employee Deduction “Home office”...
May 16, 20182 min read
So Long To The Tax Deduction For Investment Expenses
Article Highlights: Itemized Deduction Net Investment Income Investment Interest Deduction Surtax on Net Investment Income Retirement...
May 15, 20182 min read
Is a Roth Conversion Right for You? But Be Careful, They Can No Longer Be Undone!
Article Highlights: Conversion Timing Why Convert? When to Convert? Issues to Consider Before Making the Decision Roth IRA accounts...
May 9, 20183 min read
Tax Reform Suspends the Tax Deduction for Employee Business Expenses
Article Highlights: Employee Business Expenses Miscellaneous Itemized Deductions Subject to the 2% AGI Floor Accountable Reimbursement...
May 8, 20184 min read
Preparing for Taxes for 2018 and Beyond
Article Highlights: Increase In Standard Deduction Loss of Personal Exemptions Changes to Itemized Deductions Bunching Strategy Employee...
May 2, 20186 min read
Taxes and Divorce
Filing Status Claiming the Children as Dependents Child Exemption Head-of-Household Filing Status Tuition Tax Credit Child Care Tax...
May 1, 20183 min read
Solar Tax Credit: The Dark Side
Article Highlights: Solar Promotions Solar Tax Credit Nonrefundable Credit Financing Costs Solar Credit Phase-out There are TV ads,...
Apr 30, 20181 min read
May 2018 Business Due Dates
May 7 - Last day to file your 2018 Business Property Statement (Most CA counties) File Form 571-L to report Personal Property to your...
Apr 30, 20183 min read
How to Understand Common IRS Tax Terms
Article Highlights Filing status Adjusted gross income (AGI) Taxable income Marginal tax rate. Alternative minimum tax (AMT) Tax Credits...
Apr 30, 20181 min read
May 2018 Individual Due Dates
May 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during April, you are...
Apr 25, 20184 min read
Don’t Toss Those Tax Records Yet!
Article Highlights: Reasons to Keep Records Statute of Limitations Maintaining Record of Asset Basis Even though the 2017 tax due date...
Apr 17, 20183 min read
Tax Reform Changes How Alimony Is Treated
Article Highlights: What Is Alimony? Decrees before 2019 Decrees after 2018 Note: This is one of a series of articles explaining how the...
Apr 11, 20182 min read
Not-Being-Insured Penalty Eliminated
Article Highlights: Shared-Responsibility Payment Originated in 2014 Fully Effective in 2016 How It Is Calculated Eliminated in 2019...
Apr 10, 20182 min read
Tax Filing Deadline Rapidly Approaching
Highlights: 2017 balance due payments IRA contributions for 2017 Estimated tax payments for first quarter 2018 Statute of limitation 2018...
Apr 5, 20182 min read
Tax Reform Adds Education Benefit
Article Highlights: Tax Benefits Types of Tax-advantaged Education Savings Plans Differences in Permitted Contributions Differences in...
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