Tax Perspectives Update for 2020
January 3, 2020
With the passing of the Consolidated Appropriations Act of 2020 in December, a number of tax law changes were made that may affect individual taxpayers.
Supreme Count Ruling Positive for Trust Beneficiaries in NC
July 10, 2019
The taxpayers won this one—at least in North Carolina. That was the result of a rare unanimous U.S. Supreme Court decision on June 21, 2019,
Considering a Move to Save on State Taxes?
May 23, 2019
Now that the federal deduction for state and local taxes is gone, should I consider changing residency from my high income-tax state to one with lower or no state taxes?
Opportunity Zones Offer Big Benefits & Big Challenges
May 19, 2019
The Opportunity Zone investment program ushered in by the 2017 Tax Cuts and Jobs Act provides an unprecedented ability to reduce capital gains taxes. If
Beware of Tax Refund Scam, IRS Warns
February 28, 2018
A new refund scam has emerged that threatens to ensnare thousands of unwary taxpayers who use direct deposit.
Save Yourself Some Money with a Donor-Advised Fund
February 12, 2018
QUESTION: I just lost my state and local tax deductions in the recent tax reform, and I have no mortgage interest to deduct. Is there
College Funds Can Now Pay For Grade School and High School
January 10, 2018
Thanks to recent federal tax reform, you can now use your kids’ college funds, or 529 plans, to pay for up to $10,000 a year for primary and high school expenses.