Aug 2, 2018 | Firm Updates, Tax Tips
In the days leading up to the passing of the Tax Cuts and Jobs Act (TCJA), we saw a lot of headlines indicating the simplification this bill would bring. As clarification is still needed on some elements of the new tax law, time will tell how the tax filing process...
Jul 10, 2018 | Firm Updates, Individual Tax, Tax Tips
Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you—your time—would also be deductible. Unfortunately, that’s not the case. Donations of time or...
May 29, 2018 | Firm Updates, Individual Tax, Tax Tips
Many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax consequences of such compensation can be complex and subject to ordinary-income, capital gains, employment and other taxes. But if you...
May 22, 2018 | Firm Updates, Small Business, Tax Tips
It is not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole proprietors, partners, S corporation...
May 22, 2018 | Firm Updates, Tax Tips
In a previous blog post, we provided guidance on checking charity legitimacy before donating to help hurricane and other natural disaster victims. We discussed the official IRS website tool, Select Check, to determine if the charity is registered, which was useful but...
May 15, 2018 | Firm Updates, Individual Tax, Tax Tips
In many parts of the country, summer is peak season for selling a home. If you’re planning to put your home on the market soon, you’re probably thinking about things like how quickly it will sell and how much you’ll get for it. But don’t neglect to consider the tax...
