Many U.S. taxpayers are trying to prepay their 2018 real property taxes by Dec. 31 in order to avoid the $10,000 cap on deductibility of state and local taxes that will go into effect for the 2018 tax year under the new tax law signed by President Trump last week. The IRS said in a … Continue Reading
On Dec. 20, 2017, the House and Senate passed the Tax Cuts and Jobs Act, H.R.1, and this bill is on its way to President Trump for signature. When signed into law, the Tax Cuts and Jobs Act would have a wide impact on various aspects of U.S. federal individual, corporate, partnership, international, and trust and … Continue Reading
NOTE: This information is correct as of 1 p.m. EST, Wednesday, Nov. 9, 2016. While all the returns have not yet been certified, there is no question that it was a big night for President-elect Donald Trump. Just as he has done throughout the entirety of the campaign, President-elect Trump stunned political analysts last night … Continue Reading
