JANUARY 2018

3 Controversial Tax Reform Topics Impacting Individual Tax Returns

There are many new interesting aspects in the Tax Reform that may tug on individual taxpayers’ wallets. Here are highlights of three main areas potentially dividing dollars. 1. Alimony One area that seems to be falling under the radar is the impact on divorce settlements. For divorce or separation agreements executed after December 31, 2018, [...]

New Year, New Rules for Itemized Deductions

According to 2015 IRS statistics, approximately 30% of all taxpayers itemize their deductions. And with Tax Reform affecting many areas of the Tax Code, Schedule A and itemized deductions are no exception. If you have itemized deductions previously, or are considering future itemization, below are some of the significant changes and considerations when deciding what [...]

Unintended Tax Reform Consequences: Impact to GAAP Financial Statements

The GOP Tax Reform was signed into law on December 22, 2017. Many companies are scouring how those new tax law changes will impact their corporate tax returns. However, companies should also consider how these tax law changes may also impact their GAAP financial statements. Since the Tax Reform was signed into law in 2017, [...]

2018-11-12T15:43:32+00:00December 22nd, 2017|BUSINESS TAX, JANUARY 2018, TAX REFORM: BUSINESS TAX|