Category Archives: Blog

Spring Tax Cleaning

tax penalty refund

Over half of the month of May is behind us and for many of you, that means it has been over a month since you thought about the filing of your 2018 federal income tax return. For those of you … Read More

RMDs & Other Important Retirement Acronyms

RMD

Have you ever asked the age of a young child whose fifth birthday is in his rear view mirror? Because that child eagerly looks forward to attaining the age of 6 years old, she may tell you she is 5 … Read More

THAT TIME OF YEAR – PART IV

QBI Deduction

When Congress passed the Tax Cuts and Jobs Act (“TCJA”) in late 2017, it dramatically reduced the income tax rates paid by corporations to a flat rate of 21%. In an attempt to equalize those non-corporate taxpayers, Congress enacted new … Read More

THAT TIME OF YEAR – PART III

tax withholding AMT

If you have ever heard of the Alternative Minimum Tax (AMT), you know it has been a major issue for decades.  Many taxpayers found themselves paying a substantial alternative minimum tax, despite legitimate deductions that would ordinarily subject them to … Read More

THAT TIME OF YEAR – PART II

Tax tips TCJA AMT

When it was almost “That Time of Year” in December of 2017, my partner Rebecca McElroy posted a blog immediately after Congress passed the Tax Cuts and Jobs Act (“TCJA”). Her blog (linked below) had charts illustrating the tax rates … Read More

THAT TIME OF YEAR

tax withholding AMT

With the end of January, “that time of year” can mean many things to each of us. Those “New Year Resolutions” are hopefully still in operation. Houston’s swing in temperatures leads to head colds. The federal government still remains partially … Read More

Ugly December Market Performance May Give Way to Upside

If history is any guide, it’s possible that longer-term performance may improve.  We certainly hope so.  While the markets have bounced back with a big upward move over the last 2 days, results through the Christmas Eve were as bad … Read More

Charitable Giving to Your Alma Mater

The Tax Cuts and Jobs Act disallowed deductions for charitable contributions to a college or university in exchange for the right to purchase tickets or seating at an athletic event. Fortunately for their supporters, many Universities now offer a workaround through a point system as compensation for charitable contributions.

12 Tax Tips For a Prosperous New Year

Tax tips TCJA AMT

Whether it’s Hanukkah, Kwanzaa or the twelve days of Christmas, December is a month of family planning and celebration. Be sure to take a few minutes for tax planning and preparation, so you and your family can enjoy a happy … Read More

Gym Membership Tax Deduction Possibility

gym membership tax deduction

We all know how important exercise and physical fitness are for good health. Wouldn’t it be great if we could include sports and fitness in our deductible healthcare expenses? Well, that may happen if a Congressional committee has its way. … Read More

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