As the proposed tax legislation is going through the reconciliation process, we are continuing to find various articles that delve deeper into certain provisions of the House and Senate bills. We again found two very comprehensive articles on the Forbes website. One of them focuses on the provisions of both bills that will effect landlords (click here to read) and the other analyzes who will benefit, and who will not, from the Senate tax bill (click here to read).
As proposed tax legislation winds through committees in the House and Senate, heading for votes during the holidays, we thought it would be a good time to take a closer look at the two different bills. We found two very comprehensive articles on the Forbes website. One of them compares the bills with existing law (click here to read) and the other compares and contrasts the bills with each other (click here to read).
Take a look and feel free to give us a call to discuss in further detail if you have any questions…and stay tuned for updates!
With the end of the year rapidly approaching, we are once again reaching out to share our annual Tax Planning Guide with you. The 2017/2018 Tax Planning Guide is available here www.webtaxguide.net/Bregante.
Sweeping tax law changes that will impact individuals and businesses are outlined in the proposed Tax Plan released by the House Republicans on November 2, 2017 including:
- Proposed decreases to certain individual and most business income tax rates
- Repeal of a number of personal tax breaks including the deduction for state income taxes which can be significant for most California residents, reduction in the amount of new acquisition debt for principal residences that qualifies for the mortgage interest deduction, elimination of the mortgage interest deduction for […]
Our 2016/2017 Tax Planning Guide is now available. The election of a new President in addition to Republicans retaining control of Congress could result in significant changes in tax laws in the upcoming year. Our online Tax Planning Guide will give you access to updated tax and financial planning information throughout the year as legislative changes are made. Feel free to forward it to friends and family who you think might find it interesting or helpful. We hope this guide will prove to be a convenient resource for you throughout the year. Just a few of the topics covered in the guide are:
- Changes to some business and individual tax filing deadlines effective in 2017
- Tax planning for investments and net investment income tax
- How […]
Passenger automobiles that are propelled solely or significantly by electric power have been in the news lately, thanks in part to the buzz surrounding the Tesla Model 3, an “economy” model set to be priced at $35,000 and available in late 2017 or early 2018. Given all the recent media attention, this seemed like a good time to remind you that federal tax credits of up to $7,500 are still available to help offset the purchase price of electric vehicles. The IRS has devoted a section of its website to explain how the credits work, and provide a list of all the manufacturers and models for which a credit is still available, including the current amount of the credit […]