Bunching Itemized Deductions
Reading Time: 3 minutes With the year about to end, it is the perfect time for the ever-nagging question to occur to most taxpayers. Is there some way that
December 2, 2019
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Reading Time: 3 minutes With the year about to end, it is the perfect time for the ever-nagging question to occur to most taxpayers. Is there some way that
Reading Time: 4 minutes Have a business vehicle you want to sell? Don’t make a move until you look into all the tax rules that you’ll need to follow when
Reading Time: 4 minutes Even though tax rules are fixed, there is some flexibility when it comes to certain important tax elections. In some situations, you’ll have a choice
Reading Time: 2 minutes The 2019 tax brackets in comparison to 2018 tax brackets increased around 2% due to indexing. The new tax law passed in 2017 maintains the 10% tax
Reading Time: 3 minutes The Tax Cuts and Jobs Act of 2017 made various changes that prove to be favorable while deducting business equipment and vehicles. Section 179 and
Reading Time: 3 minutes Since the introduction of the new tax laws, many of our clients and future clients are thinking whether to incorporate or not under new tax
Reading Time: 3 minutes The tax reform bill passed by the United States Congress known as the Tax Cuts and Jobs Act, impacts Business Interest Deduction, Net Operating Loss,
Reading Time: 3 minutes The tax reform bill passed by the United States Congress known as the Tax Cuts and Jobs Act, majorly impacts tax rates for corporation and
Reading Time: 3 minutes Under the new Tax Cuts and Jobs Act, pass-through business owners can claim a 20% deduction on the “qualified business income” conditional to certain criteria
Reading Time: 2 minutes One of the most important aspects of the Tax reform passed by the United States Senate is the change in tax brackets among others for
Reading Time: 3 minutes Let’s now look at some of the other specific reforms brought about by the Act for the individual tax payer: Changes to the Alternative
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For assistance in planning and transferring your US assets to Canada please contact our colleague Phil Hogan, CPA, CA, CPA (CO) at 250-661-9417 or via email at phil@philhogan.com
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