Tax Cuts and Jobs Act of 2017 – New 2018 Tax Law The new tax law, commonly called the “Tax Cuts and Jobs Act”, is the biggest federal tax law change in over 30 years. Below are some significant changes affecting individuals and businesses. Find out more by clicking on the Download Article button. […]
Cancellation of Debt – Insolvency Taxpayers with cancelled debt can often exclude the cancellation of debt income to the extent that they were insolvent immediately before cancellation. We discuss the cancellation of debt in this article. Find out more about what qualifies and doesn’t qualify by clicking on the Download Article link below. […]
Individual Retirement Accounts – Roth IRAs A Roth IRA is an individual retirement arrangement. It is a personal savings plan that gives you tax advantages for setting aside money for retirement. An account must be designated as a Roth IRA when opened. We explore some of the common Questions about Roth IRAs, such as; […]
