The recently enacted Tax Cuts and Jobs Act (“TCJA”) is a sweeping tax package. Here’s an overview of some of the more important business tax changes in the new law. Unless otherwise noted, the changes are effective for tax years beginning in 2018. Corporate tax rates reduced. One of the more significant new law provisions
“I’m delighted to announce that your child has been awarded a scholarship.” Music to your ears! Now some reality: Scholarships (and fellowships) are generally tax-free, whether for elementary or high school students, for college or graduate students, or for students at accredited vocational schools. It makes no difference whether the scholarship takes the form of
A majority of married couples file their tax returns jointly, but what are your options when you are divorced or in the midst of getting divorced? If your divorce is final by the last day of the calendar year you can no longer file jointly. In that case, you must file either “single” or “head
Many people are vaguely aware that if they sell their primary residence they will get some sort of tax break, however many are not sure what the tax break is, how it is calculated or when it applies. Given the frequent changes to the rules regarding the taxation of capital gain, particularly in regard to
Taxes and lawyers might not be the most popular topics in America. But Tax Lawyers provide essential service to people and businesses, helping their clients pay as little taxes as possible. To do this, Tax Lawyers use their extensive knowledge of the tax code, as well as decisions in tax-related Court cases. Experts of the