Month: February 2018

Here’s what you need for your 2017 tax return

What records are required for 2017 returns? .Although every situation is different, here’s a checklist of some common income items to gather: W-2 forms showing wages 1099 forms for investments, bank accounts and side jobs Business income of pass-through entities…

New law offers small business tax breaks

The Tax Cuts and Jobs Act (TCJA) does much more for businesses than lower corporate tax rates. With careful planning, your small business may realize big tax benefits under the new law. Here are several tax-saving opportunities for 2018: Place…

Here’s a new tax prescription for medical expenses

The new tax reform law — the Tax Cuts and Jobs Act (TCJA) — preserves the deduction for medical expenses, unlike many other itemized deductions. But that’s only part of the good news for itemizers. The TCJA also temporarily rolls…

How to cut taxes under the new tax act

Now that the massive new Tax Cuts and Jobs Act (TCJA) is finally the law of the land, what should you do? Every situation is different, but here are several practical suggestions for improving your tax outlook for 2018 and…