Sep 27, 2018 | Tax Impact Articles
News & Resource Center Tax Impact Newsletter Yes, home equity loan interest may still be deductible The Tax Cuts and Jobs Act (TCJA) imposes new limits on the deductibility of home mortgage interest, but, contrary to popular belief, interest on home equity loans... continue reading »
Sep 27, 2018 | Tax Impact Articles
News & Resource Center Tax Impact Newsletter Record-high exemption amounts mean that fewer families are affected by gift, estate and generation-skipping transfer (GST) taxes. As a result, the estate planning focus for many people has shifted from transfer taxes to... continue reading »
Sep 27, 2018 | Tax Impact Articles
News & Resource Center Tax Impact Newsletter There are several reasons for hiring household help, including child or elder care or general cleaning and yard maintenance. However, when you hire outside help, you become an employer. Thus, you have specific tax... continue reading »
Sep 27, 2018 | Tax Impact Articles
News & Resource Center Tax Impact Newsletter Ambiguity in the tax code and regulations has led many limited liability company (LLC) members to take an aggressive position regarding self-employment (SE) tax. They claim that their distributive shares of LLC income —... continue reading »
Aug 7, 2018 | Tax Impact Articles
News & Resource Center Tax Impact Newsletter The recent corporate tax cut has many pass-through business owners rethinking their choice of entity. The Tax Cuts and Jobs Act (TCJA) slashed the federal corporate income tax rate to a flat rate of 21% from a top rate... continue reading »
Aug 7, 2018 | Tax Impact Articles
News & Resource Center Tax Impact Newsletter If you’re divorced or in the process of divorcing, be sure you understand how the Tax Cuts and Jobs Act (TCJA) affects the tax treatment of alimony. For most couples, the tax cost of divorce will go up next year. What’s... continue reading »
