LLC

Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after…

file tax returns early

The IRS opened the 2018 income tax return filing season on January 28. Even if you…

investment interest expense

As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized deduction the…

business real estate depreciation

Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct…

tax limits for businesses 2019

A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some…

If you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your 2018 year-end donations.…

While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through…

bonus pool arrangements

There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. But you might be able…

Now that 2019 has begun, there isn’t too much you can do to reduce your 2018 income tax liability. But it’s smart to begin…

year-end business tax moves

Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are…