Documents
If we could give one piece of advice to our clients before heading into tax season it would be – REVIEW YOUR TAX ORGANIZER IN DETAIL.Organizers have been previously mailed and emailed. By using the organizer (or by using last year’s tax return) you can identify most...
Donations
Clients,The time for tax-effective charitable giving may be now. As previously mentioned, many of you may no longer have enough charitable giving to exceed the new Federal standard deduction ($12,000 per taxpayer). Please keep this in mind.Use Your IRA First (70 ½ and...
Business, Farm, Law
The new tax law has several provisions with multiple changes.One area of significant change is for businesses and farms. There is a new 20 percent deduction for these pass-through entities.As always, this message is a general education tool. For specific instances of...
Itemizing
GBE Clients,The Tax Cuts and Jobs Act (TCJA) has several provisions with multiple changes. For example, the standard deduction has increased while at the same time the deduction for exemptions (dependents) has been eliminated entirely.One area of significant change is...
Employment, Income Tax
Dear Clients,As a part of our ongoing relationship, we find it important to keep our files up-to-date with your most recent employer information. Job changes often create income and tax withholding changes. These adjustments could have a significant impact on your tax...
