The passage of the new tax bill was highly publicized. This post focuses on ten potentially overlooked aspects of the new tax bill that may impact an individual’s 2018 income tax return. Remember, these new laws do not affect the 2017 individual income tax return. All miscellaneous itemized deductions subject…

Some people assume that if they are unable to make decisions or if a decision relates to “end of life,” that those closest to them, most often immediate family members, automatically make these decisions on their behalf. Others are aware that to carry out their directives that they need to…

On December 20, 2017, the Senate and House of Representatives passed the same tax bill, which opened the door for President Trump to deliver significant changes to the United States tax code. The Senate passed the tax bill by a vote of 51-48. The House of Representatives passed the tax…

After the House of Representatives and Senate passed different versions of the “Tax Cuts and Jobs Act,” a conference committee was appointed to reconcile the two tax bills. On December 13, 2017, the conference committee reached a consensus on a revised “Tax Cuts and Jobs Act.” Both chambers must pass…

On November 16, 2017, the House of Representatives approved its version of the “Tax Cuts and Jobs Act” (the “Act”) by a vote of 227-205. All Democrats and 13 Republicans voted against the tax bill. Although potential obstacles still exist, Republicans are one step closer towards enacting comprehensive tax reform.…