Jan 25, 2019 | Firm Updates, Individual Tax
When someone asks you to serve as executor of his or her estate, it is generally meant as a compliment that he or she trusts you to serve in this important role. But don’t simply accept the role before you have given the matter serious thought. Not only does the...
Jan 22, 2019 | Firm Updates, Individual Tax, Tax Tips
If you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your 2018 year-end donations. But what happens if you haven’t received such a letter—can you still claim an itemized deduction for the...
Jan 16, 2019 | Firm Updates, Individual Tax
While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could see their taxes go up due to reductions or eliminations of certain tax breaks—and, in some cases, due to their filing status. But some may see...
Jan 9, 2019 | Firm Updates, Individual Tax
While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply through 2025 or are permanent, there are two major changes under the act for 2019. Here’s a closer look. 1. Medical expense deduction threshold With rising health care...
Jan 7, 2019 | Firm Updates, Individual Tax
The Tax Cuts and Jobs Act suspended miscellaneous itemized deductions, including the deduction for unreimbursed employee business expenses (expenses ordinary and necessary to your profession, but not reimbursed by your employer). Under the old law, some employees who...
Dec 18, 2018 | Firm Updates, Individual Tax, Tax Tips
Do you have investments outside of tax-advantaged retirement plans? If so, you might still have time to shrink your 2018 tax bill by selling some investments—you just need to carefully select which investments you sell. Try balancing gains and losses If you’ve sold...
