Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 “like-kind” exchange. […]

The Tax Cuts and Jobs Act (TCJA) imposes a limit on deductions for business interest for taxable years beginning in 2018. The limit, like other aspects of the law, has […]

With rising healthcare costs, claiming tax deductions for these expenses can be more important than ever. However, there is a threshold for deducting medical expenses that may be hard to […]

The recently enacted Tax Cuts and Jobs Act (TCJA) includes a number of changes to the rules governing the choice of accounting methods by taxpayers. In certain situations, the TCJA […]

Along with tax rate reductions and a new deduction for pass-through qualified business income, the new tax law brings the reduction or elimination of tax deductions for certain business expenses. […]

A brief overview of changes by the Tax Cuts and Jobs Act Lawmakers recently passed the largest reform of tax law since the Tax Reform Act of 1986 and it […]

Congress and the President are enacting the biggest tax reform law in 30 years, one that will make fundamental changes in the way you, your family, and your business calculate […]