The leaves are changing, the kids are off to school and 2020 is right around the corner — what better time to consider your year-end tax planning? We know that the elimination of familiar tax planning strategies under the Tax Cuts & Jobs Act (TCJA) as ...
Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or his or her spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is ...
The saga over the release of President Trump’s tax returns continues. In the latest development, a federal appeals court in New York ruled on November 4 that the president’s accounting firm must hand over the returns to prosecutors.
The 2020 presidential election is only a year away. As the ranks of the Democratic challengers for the nomination slowly start to dwindle, let’s run down the key tax proposals being touted by some of the front runners, specifically Massachusetts ...
To qualify for deferral, the amount of a capital gain to be deferred must be invested in a Qualified Opportunity Fund (QOF), which is an entity treated as a partnership or corporation under federal tax law and organized for the purpose of investing in ...
Some taxpayers can get their IRS income tax refund as early as January 31, 2020. The income tax season generally starts in late January, when the IRS officially starts accepting e-filed and mailed-in tax returns.
The online forum seminars can also be audited for free. Individuals who choose to audit seminars will not have access to the review questions or final examination and will not receive credit for the seminar.
The income tax brackets, standard deduction amounts, and many other tax items are adjusted annually for cost-of-living increases. These adjustments reflect, under a measure of inflation provided by the Tax Cuts ...