Category Archives: Taxes

The New Tax Reform Bill

On Saturday, December 2, 2017, at about 2:00 AM, Eastern Standard Time, the US Senate passed the most comprehensive tax reform bill in more than thirty years: the Tax Cuts and Jobs Act. Previously, in mid-November, the House of Representatives … Continue Reading

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Trump’s Tax Overhaul: What We Know Right Now

National attention turned toward overhaul of the U.S. tax code recently, as Congress released its highly anticipated “Unified Framework for Fixing Our Broken Tax Code.” The motto for the document, inscribed at the top under the bold legend “Tax Reform,” … Continue Reading

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Tax-Savings Tips for the Self-Employed

Many of our clients are truly savvy individuals who have a firm grasp on not only the tax tips that follow, but on even more complex tax strategies that are often advantageous for larger businesses with millions in sales and … Continue Reading

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The IRS’ Top 400

The recent presidential campaign featured quite a bit of debate on taxes, focusing especially on whether top earners were paying their fair share. Last month, the Internal Revenue Service (IRS) published what it says will be its final report on … Continue Reading

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Joy to the World (But Tax Time is Coming)!

In the midst of holiday celebrations with family and friends, it’s easy to forget that tax time is just a quarter away. There are steps you can take before the year ends to minimize your tax bill. If you have … Continue Reading

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Clinton and Trump on Taxes

Did you watch the Presidential Debate last night? Most Americans agree that this has been one of the most eventful and contentious Presidential races in recent memory. And many Americans believe both candidates are flawed. Nevertheless, these are the candidates … Continue Reading

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Taxes: Clinton and Trump Tax Plans

The first Presidential Debate is scheduled for September 26. At that time we will see Hillary Clinton and Donald Trump square off against each other. In the meantime, both candidates are beginning to fill in the details of their platforms. … Continue Reading

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Tax Loss Harvesting

If you have investment losses this year, consider “harvesting” those losing positions before year-end to reap tax benefits. Here’s how the strategy of tax loss harvesting works: When you sell a position for a loss, you can use the loss … Continue Reading

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Surprise Capital Gains Payouts Can Be Painful

It’s the time of the year when investors who hold mutual funds in taxable accounts begin to brace for a potential nasty surprise. Each year mutual funds must pay out to shareholders nearly all their income, including interest, dividends and … Continue Reading

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Tax Twists for Retirement Savers

Do you ever leave for vacation, only to be unable to escape a nagging feeling that you forgot to turn off the oven or lock the front door? Plenty of pre-retirees experience just such angst when they worry that they … Continue Reading

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