Who Win and Lose under Tax Reform? Part I-Winners
Pass-Through Entities. Money earned by partnerships and other types of businesses
- Posted on: Jan 19 2018
Uncategorized
Who Win and Lose under Tax Reform? Part II-Losers
People buying health insurance.
- Posted on: Jan 19 2018
Will you itemize deductions in 2018? Part I
Traditionally, about 30 percent of taxpayers have itemized deductions on Schedule A, because their total itemized deductions were more than the standard deduction based on their filing status. For 2018, …
- Posted on: Jan 19 2018
Will you itemize deductions in 2018? Part II
The following is how Schedule A will be affected for the 2018 tax year (in the order on Schedule A):
- Posted on: Jan 19 2018
Individual Retirement Account – IRA
Generally, retirement money cannot be withdrawn until the individual reaches the age of 59½ or the individual elects to receive equal periodic distributions over his life expectancy.
- Posted on: Jan 19 2018
C Corporation vs. S Corporation
The C Corporation is the standard corporation, while the S corporation has elected a special tax status with the IRS.
- Posted on: Jan 19 2018