Tax Reform: Generation-Skipping Transfer Tax
An individual can protect up to $11.18 million from the generation-skipping transfer tax, but unlike estate tax, it’s not portable between spouses. We explain in this week’s Tax Tip.
Tax Reform Adds New Perks to ABLE Accounts
The tax reform laws increased how much you can save to an ABLE account for individuals who are blind or disabled. We explain in this week’s Tax Tip.
Cryptocurrencies and Taxes
Just because your cryptocurrency is anonymous doesn’t mean you may not owe taxes on your investment or transactions. We explain in this week’s Tax Tip.
The College Landscape After Tax Reform
Despite proposals to the contrary, the tax reform law did not radically change the tax breaks for higher education. Read the changes that were made in this week’s Financial Tip.
Tax Reform Limits Exchanges to Defer Taxes
Section 1031 exchanges, also known as like-kind exchanges, are now limited to real estate. We explain in this week’s Business Tip.
Is Bunching Right for You?
Are your itemized deductions typically roughly equal to the new standard deduction amount? If so, think about using a tax strategy known as bunching. Learn more in this week’s Tax Tip.
Tax Reform Puts a Cap on Deducting Business Losses
Let’s be clear. Business losses are allowed in 2018. “Excessive business losses” are treated as net operating losses. Learn more in this week’s Business Tip.
Checking Your Federal Refund Status Is Easy
Nine out of 10 taxpayers typically receive refunds in fewer than 21 days when they use e-file with direct deposit. Where is your refund? Learn how to find out in this week’s Tax Tip.
What is the difference between a W-2 form and a W-4 form?
W-2 W-4. Nope, not R2-D2’s cousin. Something much scarier: Tax Forms related to income. Good news is they’re pretty innocuous. We explain the difference in this week’s Question of the Week.
First-Year Start-Up Tax Issues
Some of the most common stressors encountered by entrepreneurs involve tax liabilities. We give tips that every entrepreneur needs to know in this week’s Business Tip.