November 2018

Dealing With The New Alimony Deduction Rules

Leave a Comment / Uncategorized /

For about a generation, spousal support payments have been tax-deductible for obligors and alimony receipts have been tax-reportable for obliges. Effective January 2019, the times they are a-changin’. Payments will no longer be tax deductible and receipts will no longer be tax-reportable. According to some, the change is just a ripple in the ocean. According […]

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state and local tax

Reassessing Some SALT Deduction Workarounds

Leave a Comment / Blog, Business Strategies, Individual Strategies, Loopholes /

In the runup to the 2017 tax reform package, the State And Local Tax deduction “loophole” fell into the crosshairs. Lawmakers predicted that lowering the SALT limit to $10,000 a year would raise hundreds of billions of dollars. Besides, they asserted, this change will not affect 90 percent of taxpayers. That’s very small comfort to

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