Have a home equity line of credit? In today’s Marietta Daily Journal, Bil Lako, CFP®, explains why you should talk to your tax consultant TODAY to understand how it will affect your taxes next year. Read the Artcile
As a small business owner, if you have qualified business income, you may qualify for a nice tax break thanks to the Tax Cuts and Jobs Act. We explain in this week’s Business Tip.
Bil Lako, CFP®, and Troy Harmon, CFA, CVA, are joined by Managing Associate, Shawna Theriault, C.P.A., CFP®,CDFA®, to talk about recently released guidance from the IRS regarding the deductibility of home equity loan interest in context of the Tax Cuts and Jobs Act.
The IRS and the State Department have established procedures for denying passport applications or revoking previously issued passports for taxpayers who have a seriously delinquent tax debt. Read more in this Tax Tip.
The tax reform law didn’t outlaw business losses. It just limits your losses. Excess losses are treated as a net operating loss (NOL) and carried forward to the next year’s return. We explain in this week’s Tax Tip.
As it is prime tax season, Chief Investment Officer Troy Harmon, CFA, CVA is joined by Principal Jennifer J. Thomas, CFP®, and Managing Associate K.C. Smith, CFP®, to discuss some of the many devious scams that thieves are using, capitalizing on the common fear of the IRS. They also provide some tips to how to really know when it is the IRS contacting you.