When Is A Loan Not A Loan?
Category Archives: Tax and Financial News
When Is A Loan Not A Loan?
With the sweeping new tax legislation in 2018 capturing everyone’s attention, other changes have taken a back seat. There were several Tax Court cases in 2018 that rendered important decisions impacting how things work – one of which was Povolny Group, … Continue reading
Divorce Can Be Taxing
Divorce is expensive. Aside from the emotional toll divorce takes on a family, both the process and aftermath of a divorce can be costly. Below we look at some of the steps people can take to help remove the tax … Continue reading
IRS Releases New Projected 2019 Tax Brackets and More
IRS Releases New Projected 2019 Tax Rates, Brackets and More Bloomberg recently released projected tax rates, brackets and other numbers that apply to the 2019 tax year (the IRS will release the official numbers later this year). Note, these are … Continue reading
2017 vs. 2018 Federal Income Tax Brackets
Single Taxpayers 2018 Tax Rates – Standard Deduction $12,000 2017 Tax Rates – Standard Deduction $6,350 10% 0 to $9,525 10% 0 to $9,325 12% $9,525 to $38,700 15% $9,325 to $37,950 22% $38,700 to $82,500 25% $37,950 to $91,900 … Continue reading
The Trump Tax Reform Plan – What Is and What May Be
Major tax reform enactment is a rare event, with the last occurring back in 1986 under President Ronald Reagan. As a result, current discussions could pan out to be much ado about nothing; however, with the solid majorities that Trump … Continue reading