By MarksNelson on June 11, 2018The IRS is planning on issuing guidance to clarify the treatment of state income taxes recharacterized by states as a charitable deduction.
By MarksNelson on May 4, 2018If you own a business or work in a business, chance are that at some point, you’ve engaged in business-related entertainment of some sort. If so, you’ve probably reported those entertainment expenses as deductible on your taxes.
By MarksNelson on January 5, 2018
By MarksNelson on December 28, 2017As most of you have probably heard, President Trump signed the Tax Cuts and Jobs Act into law last Friday, December 22, 2017. We will be sending a more in-depth analysis of all the changes included in this bill in the coming weeks. While most of the changes impact tax years beginning in 2018, there are a couple of tax saving items you might consider before the end of 2017:
By MarksNelson on December 11, 2017This year is no different than past ones in terms of tax planning for individuals and the uncertainty as we await the arrival of the final tax regulations. By now, you have all heard or read about the various tax proposals issued by the House and the Senate. We do not want to be silent on the topic but also know that due to this uncertainty it is extremely difficult to plan for not only this year but future years. The planning topics listed below are based on the current tax law as of the date of this publication.
By MarksNelson on November 13, 2017As open enrollment approaches for many companies, it's a good time to refresh yourself on the rules for the deduction for self-employed health insurance.
By MarksNelson on November 13, 2017Year-end tax planning for businesses will be challenging in 2017 due to uncertainty over the proposed Tax Cuts and Jobs Act. While it is difficult to forecast the impact of tax law changes that could be made, it is important to consider techniques that are available today.
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