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March 15, 2018

Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the so-called repairs weren’t actually “improvements.” The costs of incidental repairs and maintenance can be immediately expensed and deducted on the current year’s income tax return. But costs incurred to improve tangible […]

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March 20, 2018

Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help support this dream. If you own a home, you may be eligible for several valuable breaks when you file your 2017 return. But under the Tax Cuts and Jobs Act, your home-related […]

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February 19, 2018

The Tax Cuts and Jobs Act passed in December 2017 includes provisions that affect both individual taxpayers and businesses. Click below for helpful checklists you can use to make sure you take advantage of new tax breaks, and protect yourself against potential tax issues when it's time to file in this year and next. ...

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