Latest Articles
The SECURE Act and Kiddie Tax Relief
Dear Friends: In December 2017, Congress enacted the Tax Cuts and Jobs Act (“TCJA”) and changed how your children were taxed by the IRS on their investment-type income. These TCJA changes led to much higher tax bills for [...]
2019 SECURE Act
Dear Friends: As has become the new normal, Congress passed some meaningful tax legislation right before it recessed for the holidays. The Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) was signed into [...]
IRS Clarifies Deductibility of Business Meals
Hello Friends, Back in January, we warned you about a seismic change in business deductions for entertaining your clients and potential customers. Later, in May, we dug a little deeper and learned that key tax-writers in Congress had [...]
Partnerships and LLCs affected by Recent Tax Law Changes…
Recent Tax Law Changes Affecting Partnerships and LLCs and their Owners The Tax Cuts and Jobs Act (“TCJA”), passed by Congress and signed into law by President Trump in December 2017, includes several changes that affect partnerships and [...]