For as long as we’ve had a federal income tax (1913), Congress has used the tax law to encourage and discourage certain behaviors. One behavior that Congress has highly encouraged since 1917 is charitable giving. Many people know that charitable contributions can be used as an itemized deduction for federal income tax purposes, but what[…]
Archives for 2018
Yesterday, August 23, 2018, the IRS released new proposed regulations (technically, they are amendments to existing regulations) to deal with States’ recent attempts to circumvent the state and local income tax (SALT) deduction limit that was put into place by the Tax Cuts and Jobs Act. In short, the proposed regulations amount to a giant[…]
Time is of the essence, whether your personal data has been compromised as part of a larger targeted cyber-attack, or you are the victim of an individual cyber-crime. You’ll need to take immediate action to minimize the impacts. These are steps you should take within specified time-frames after discovering your data has been breached.
Share0 Share +10 Tweet0 Share0 In December 2017, President Donald Trump signed the Tax Cuts and Jobs Act into law, ushering in the biggest changes to the tax code in more than 30 years. Among the more significant changes made by the law is the creation of a new 20% deduction for certain pass-through business income.[…]