Business Startup Solutions
529 Plans: What's all the Buzz?
529 Plans: What's all the Buzz? Student loan debt is unarguably one of the fastest growing deficits today. With amounts exceeding one trillion dollars (and growing every second), student loan debt nearly doubles our nation’s credit card and auto loans debt. It’s no surprise that people are face
A Whole New Ballgame: Tax Reform Effects on Individuals and Businesses
A Whole New Ballgame: Tax Reform Effects on Individuals and Businesses Click Here to download a pdf version of this 2018 Tax Reform Guide! For most taxpayers, the sweeping changes to federal tax laws enacted by Congress at the end of 2017 will be most apparent when it comes time to report 2018 i
2018 Tax Reform Impact on 2017 Income Taxes
2018 Tax Reform Impact on 2017 Income Taxes Update 12/28/17 4:37 PM There have been lots of questions about prepaying property taxes this week. The IRS issued guidance on Wednesday that in order for paid property taxes to be deductible in 2017 they have to have already been assessed- i.e. a bi
Passport and Taxes
Passport and Taxes The Internal Revenue Code has a new addition that provides additional repercussions for not paying your taxes. There is a new section called “Revocation or Denial of Passport in Case of Certain Tax Delinquencies”. While it is still uncertain on how aggressively they will enfo
Tax Extenders Passed!
Tax Extenders Passed! We are excited about the most recent bill the President has signed. All parties have finally agreed and the President has signed the Protecting Americans from Tax Hikes Act of 2015, also known as the PATH Act. The Act not only extends numerous provisions, but also makes at lea