News
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January 2, 2018
Mortgage broker is not a real estate professional
Sec. 469(a) disallows a passive activity loss.
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December 28, 2017
IRS says many who prepaid property taxes may still face cap on deductions
Nationally, more than 96 percent of tax increases resulting from the loss of the state and local deduction will be paid by those in the top 20 percent of the income distribution
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December 28, 2017
GOP Business Tax Cuts Force Other Countries to Compete
Reports from around the globe suggest that rates are coming down.
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December 22, 2017
Congress takes a holiday break with much to do in new year
The stopgap legislation would keep the government from closing down at midnight Friday.
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December 22, 2017
The New 2018 Federal Income Tax Brackets & Rates
The top rate will fall from 39.6% to 37%. The bottom rate remains at 10%, but it covers twice the amount of income compared to the previous brackets.
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December 21, 2017
Good Riddance To The Tax Trade That Caused Billionaires To Lose Billions
These changes, which are part of a far broader plan, may radically alter corporate and investor behavior.
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December 20, 2017
House Gives Final Approval to Sweeping Tax Overhaul
The tax rewrite is the biggest legislative achievement for Republicans since they gained full control of Congress and the White House.
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December 13, 2017
Planning To Sell Your House? The Tax Reform Bill May Make You Reconsider
The bill also would limit use of the tax-free exclusion to once every five years, up from the current two years.