Category: Tax Deductions

The new Section 199A 20% Pass-Through deduction for business owners is probably the most confusing and complex part of the new Tax Cuts and Jobs Act of 2017; however, it has some very positive planning opportunities that could save you …

Business Owners: Why you should relook at your retirement savings under the new tax law Read More »

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1)Your year-end tax planning doesn’t have to be hard. I have outlined below five strategies that will increase your tax deductions or reduce your taxable income so that Uncle Sam gets less of your 2018 cash. Prepaying your 2019 expenses …

Five Last Minute Tax Reduction Strategies Read More »

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Ted’s Tax Saving Tips Vol 201811 IRS Says TCJA Allows Client and Prospect Business Meal Deduction In Notice 2018-76, the IRS states that client and prospect business meals continue as tax deductions under the Tax Cuts and Jobs Act. This …

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It is urgent that those getting divorced consider the changes in Alimony tax treatment of any agreements executed after December 31, 2018.  The Tax Cuts and Jobs Act (TCJA) dramatically change the deductibility of alimony to ZERO! For all divorce …

Big Changes to Alimony Happen January 1, 2019 Read More »

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There is still time to reduce the amount of taxes you pay, but you have to take the time to plan.  We have FREE resources to help you along the way. The “New” Tax Code: 9 Simple, easily overlooked tax …

A failure to plan is a plan for failure! Read More »

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Drive Time Increases Odds of Deducting Rental Property Losses Your rental properties provide tax shelter when you can deduct your losses against your other income. One step to deducting the losses is to pass the tax code’s 750-hour test. And …

Tax Saving Tips Vol 201810 Read More »

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Business Owners: How to Legally Reduce the Amount You Pay in Taxes using the New Tax Law that went into effect 1/1/2018.  Learn legal, court approved methods and strategies to reduce the amount you send Uncle Sam!  Wouldn’t you rather …

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Home Equity Interest May Not Be Deductible Many homeowners have taken out a home equity line note and in the past have been able to deduct the interest from the note (upto $100,000) regardless of what the money was spent …

Home Equity Line Interest Not Deductible Anymore! Read More »

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2017 Year-End Tax Strategies for Springfield MO Business Owners With Tax Reform In Mind “It is our attitude at the beginning of a difficult task which, more than anything else, will affect It’s successful outcome.” -William James There are obviously …

Last Minute Business Tax Strategies 2017 with Tax Reform in Mind Read More »

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We’re in that annual holiday lull during which most of the country takes things real easy, tries to recover from all of the parties, and gears up for a new beginning. For tax professionals, however … well, let’s just say …

Tax Reform Year End Strategies 2017 Read More »

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