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6 Cool Ways to Save Taxes during the Hot Summer Months

The Tax Cuts and Jobs Act (TCJA) may have put a crimp in some of your summer plans by eliminating or scaling back certain tax breaks. But individuals and small business owners still have plenty of opportunities to save taxes. Here are six ideas to consider this summer.

Should Your Business Be a C Corporation or a Pass-Through Entity?

The Tax Cuts and Jobs Act (TCJA) introduced a flat 21% federal income tax rate for C corporations...

Take Advantage of Expanded Tax Breaks for Business Vehicles

The Tax Cuts and Jobs Act (TCJA) expands the first-year depreciation deductions for vehicles...

Last Chance to Claim the Domestic Production Activities Deduction

The U.S. corporate tax rate has historically been among the highest in the world. Years ago,...

Good Reasons to File Extensions for 2017 Returns

The countdown to Tax Day has begun! The deadline for filing your 2017 individual income tax...

Good News! More Families May Be Eligible for the Child Credit in 2018

The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, 2017, made...

How the New Limit on SALT Deductions Affects Homeowners

The ability to deduct state and local taxes (SALT) has historically been a valuable tax break for...

New Law Eases the Individual Alternative Minimum Tax

Unfortunately, the Tax Cuts and Jobs Act (TCJA) retains the individual Alternative Minimum...

Wire Transfer Fraud Attempts on the Rise

Attempts at cyber wire transfer fraud have surged in recent months. Cyber criminals request wire...

New Law Revamps the Kiddie Tax

Congress enacted the so-called “kiddie tax” rules to prevent parents and grandparents in high tax...