Under the new tax reform which was signed into law on December 22, 2017, the itemized deduction for state and local taxes will be limited to $10,000 in 2018 going forward. In 2017 and earlier, taxpayers were allowed to deduct… Read More
Historically, taxpayers have been afforded the opportunity to include various expenses, in excess of 2 percent of their adjusted gross income (AGI), in the calculation of itemized deductions on their individual income tax returns.
Starting on January 1, 2018 and… Read More
Owning rental real estate can be a great supplemental source of income in addition to a normal day job. What is most commonly misunderstood about this type of investment is how an individual can treat the income and or losses… Read More
Opposing NFL defenses haven’t been the only ones noticing the impact of Leonard Fournette and Christian McCaffrey this year. The rookie NFL running backs are also having an impact on this year’s college football bowl games and the upcoming 2018… Read More
Medicare’s final rule provides a new opportunity for solo practitioners and small groups to join together and report as a virtual group. For small groups interested, the deadline to elect a virtual group is December 31, 2017 for the upcoming… Read More