There were a number of important tax developments in the first quarter of 2019, that may affect you, your family, your investments, and your livelihood, including: Estimated Tax Penalty Relief Employer Identification Number (EIN) Electric Car Credit Declines Deduction for […]
I just finished a great book on productivity Finish What You Start The Art of Following Through, Taking Action, Executing, & Self-Discipline, by Peter Hollins. He writes about, among other things, the concept of Attention Residue. The idea is that […]
The newly-increased standard deduction gives rise to an opportunity for self-employed taxpayers to hire their children and pay up to the $ 12,000 standard deduction amount. The child does not have to pay income taxes on the money and if […]
The IRS has released proposed regulations for the new Qualified Business Income Deduction that was part the tax law change passed in 2017. Realtors have been exempted from the Specified Service Trade or business limitations on the business income deduction. This […]
In an increasingly globalized society, many people choose to open offshore accounts to deposit a portion of their wealth. When doing so, it’s important to follow the IRS’s strict foreign accounts reporting requirements. In a nutshell, if you have a […]