(#503) Why You Shouldn’t Wait to File Your 2018 Income Tax Return
The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the […]
(#501) An ESOP Can Benefit a Business Owner’s Retirement and Estate Plans
Employee stock ownership plans (ESOPs) offer closely held business owners an exit strategy and a tax-efficient technique for sharing equity with employees. But did […]
(#500) Fundamental Tax Truths for C Corporations
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for […]
(#498) Investment Interest Expense is Still Deductible, But That Doesn’t Necessarily Mean You’ll Benefit
As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized deduction the TCJA kept intact is for […]
(#496) Depreciation-Related Breaks on Business Real Estate
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year […]
(#493) Hastily Choosing an Executor Can Lead to Problems After Your Death
Choosing the right executor — sometimes known as a “personal representative” — is critical to the smooth administration of an estate. Yet many people treat this decision […]
(#492) Many Tax-Related Limits Affecting Businesses Increase for 2019
A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some that may affect […]
