Tax Planning vs. Financial Planning: Why You Need to Understand the Difference

Many business owners assume tax planning is something to think about later – often lumped together with retirement or viewed as a byproduct of financial

Recent blogs

Five Tips to Avoiding the Tax Hazards of Renting to Relatives

If you have more than one home, renting one to a relative may appear at first glance to be a win/win. A son, daughter, cousin

Save Tax Dollars through Upstreaming

Upstreaming is a tried and true method of saving on taxes by skillfully moving income from one subsidiary to its parent. Things are rarely simple

Good News for the Rich: No Clawback on the Recent Doubled Tax Exemption for Estates and Gifts

The federal government taxes large estates, but under the recent Tax Cuts and Jobs Act, (TCJA), P.L. 115-97, which went into effect January 1, 2018,

How 1400z Opportunity Zone Investment Drastically Reduces Capital Gains

To taxpayers facing large capital gains, very few strategies exist to defer or eliminate the tax altogether. That all changed with tax reform. The Tax

IRS Services Are Available During the Government Shutdown: What You Need to Know

As the longest government shutdown in US history continues, many Americans are wondering how IRS services are being affected. An IRS-wide furlough began on December

Breaking Down the New Mortgage Deduction Rules

Homebuying and homebuilding are good for the economy. That fact, and not lawmakers’ desire to give working families a break, is what makes the mortgage

Dealing With The New Alimony Deduction Rules

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

Reassessing Some SALT Deduction Workarounds

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

Why Are Tax Industry Experts Leary of Proposed Tax Cuts?

We don’t always agree and regardless the issue, there are always arguments on both sides, and discussions are often heated. Expect nothing less toward proposed