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
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
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
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
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
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
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.
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
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
Spring Tax Cleaning
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