Update on the Tax Cuts and Jobs Act (TCJA)

The Tax Cuts and Jobs Act was passed by Congress in a hurry late last year, and the IRS and tax preparers have been working to digest some of the thornier issues created by the tax overhaul.
TCJAbstantially improve your home. Before the TCJA000 of such home equity debt. The TCJA effectively writes the concept of home equit

How to Handle a Gap in Health Care Coverage

Health care coverage gaps happen. Whether because of job loss or an extended sabbatical between gigs, you may find yourself without health care for a period. Here are some tax consequences you should know about, as well as tips to fix a coverage gap.

Upcoming Tax Seminars

We are hosting multiple seminars to cover topics related to the Tax Cuts and Jobs Act that will impact you. More details will be forthcoming, but here is a look at what is expected to be covered in each seminar.

Contemplating Divorce: New Tax Law Has Significant Impact

The Tax Cuts and Jobs Act (TCJA) does a complete “180” to the tax treatment of alimony payments.
TCJAts. Besides the alimony provisions of the TCJAdue to TCJA limits on the deduction for state and local

Significant Changes to Kiddie Tax by Tax Cuts & Jobs Act (TCJA)

The Tax Cuts & Jobs Act (TCJA) made significant changes to the calculation of the kiddie tax effective January 1, 2018. The purpose was to simplify the calculation by not having the parent’s tax rate and income be a part of the calculation. This was somew…
TCJAto the kiddie tax remains the same under the TCJA and…mployment. The kiddie tax calculation under TCJA becomes more complex due a new

Section 199A Creates New Planning Opportunities for Business Owners

The Tax Cuts and Jobs Act of 2017 brought the largest changes to both individual and corporate taxes that we have seen in the past 30 years. Included in those changes was IRC Section 199A, which permits business owners to deduct up to 20% of the “qualifie…

Iowa Itemized Deductions for 2018 Tax Year

If you took the itemized deduction in prior years but will be taking the standard deduction on your 2018 federal tax return, you may still need all your tax forms and information to accurately complete your 2018 Iowa tax return.

Rental Properties: Changes with the TCJA

With the Tax Cuts and Jobs Act (TCJA) came a number of changes that may impact owners of rental properties.

Entity Selction: Changes with the TCJA

With the Tax Cuts and Jobs Act (TCJA) came changes that will impact owners of businesses depending upon their business entity type.