Latest From the Blog
Tax Tip of the Week | No. 449 | New Tax Law (TCJA) Restricts Like-Kind Exchange Rules for Non-Real Estate Property (Ouch!)
For those exchanges completed after Dec. 31, 2017, the TCJA limits tax-free exchanges to exchanges of real property that is not held primarily for sale.
Tax Tip of the Week | No. 448 | Litigious Times for Farmers (and All Businesses)
Good insurance is generally considered as the first line of defense against litigation.
Tax Tip of the Week | No. 447 | New Tax Law (TCJA) - Rules Significantly Eased for Code Section 168 & 179
The Tax Cuts and Jobs Act (TCJA) has very favorably changed the tax rules for “accelerated” tax depreciation expense under IRC Sections 168 and 179.
Tax Tip of the Week | No. 446 | Past Due Taxes May Jeopardize Your Passport
The IRS and State Department are only now enforcing the rules, even though this law was enacted back in 2015.
Tax Tip of the Week | No. 445 | Tax Cuts and Jobs Act - Estate and Gift Tax Changes
The estate and gift taxes did survive but with significant increases to their exclusion amounts.
Tax Tip of the Week | No. 444 | New Tax Law - 20% Pass-through Business Deduction
The rules are complex and will require careful planning to optimize any benefits.