Individual Cash Free Tax Benefit – 20% Qualified Business Income Deduction

Most income tax deductions for individuals require that you spend cash for the deduction – pay your property tax, write a check to charity, etc…. Read More…

IRS Provides Tax Relief for Hurricane Florence Victims

North Carolinians affected by Hurricane Florence have until January 31, 2019, to file certain individual and business tax returns and make certain payments, the IRS… Read More…

Divorce and Tax Reform

It’s not a fun topic, but it’s reality, and we should talk about it: divorce. And, in the era of tax reform, divorce requires a… Read More…

States Rule on Online Sales Tax

Collection of online sales tax becoming clearer as states rule on South Dakota v. Wayfair. Earlier this summer, the U.S. Supreme Court in a 5-4… Read More…

Live and Work Abroad Using Federal Tax Savings – FEIE

If you’ve ever desired to live and work abroad, federal tax savings could help you do it. Welcome to the digital age, where fast internet… Read More…

New SC College Tax Credit In Effect

There’s only one certainty when it comes to college tuition: It’s expensive, especially in a state where college costs are ranked the highest in the… Read More…

Does the Reduction in the Corporate Tax Rate Mean I Should Convert My Business to a C Corp?

“Should I convert my business to a C corp?” We’re getting that question a lot, and, frankly, it used to be easier to answer. That’s… Read More…

Cost Segregation Study Savings Increase With Tax Reform

Tax reform brought major changes, and we’ve covered them extensively in our blogs: lowering of the corporate tax rate, lower rates for “pass through” entities,… Read More…

New Tax Benefit for Private Foundations Could Help Charitable Family Business Owners

A little-explored aspect of The Bipartisan Budget Act, signed into law on February 9, 2018, may be a boon to individuals who want to use… Read More…

IRS To Process Some Retroactive Tax Breaks

Last week we brought to your attention tax extenders made retroactive by the recent bipartisan budget deal. Again, those are tax breaks that had expired… Read More…