Feb 12, 2019 | Firm Updates, Tax Tips
When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you—besides the much-discussed tax rate cuts and reduced itemized deductions. For 2018 through 2025, the Tax Cuts and Jobs Act (TCJA) makes significant changes to...
Feb 5, 2019 | Firm Updates, Individual Tax, Tax Tips
The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline, this year consider filing as soon as you can. Why? You can potentially protect yourself from tax identity theft—and reap...
Jan 29, 2019 | Firm Updates, Small Business, Tax Tips
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation period. (Land is not depreciable.) But special tax breaks that allow deductions to be taken...
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...
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...
Dec 12, 2018 | Firm Updates, Individual Tax, Tax Tips
With the dawn of 2019 on the near horizon, here’s a quick list of tax and financial to-dos you should address before 2018 ends: Check your FSA balance. If you have a Flexible Spending Account (FSA) for health care expenses, you need to incur qualifying expenses by...
