Jeff Belingheri – Bregante+Company LLP

2018 – 2019 Tax Planning Guide

With the end of the year rapidly approaching, we are once again reaching out to share our annual Tax Planning Guide with you. The 2018/2019 Tax Planning Guide is available here www.webtaxguide.net/Bregante.

The Tax Cuts and Jobs Act (TCJA), passed in December 2017, included sweeping tax law changes that will impact individuals and businesses including:

Small decreases in most individual income tax rates, elimination of personal exemptions but increased standard deductions depending on filing status, higher exemptions for alternative minimum tax (AMT) which should significantly decrease the number of individuals subject to AMT, increase in the child tax credit and special federal tax breaks for income individuals receive from pass-through entities such as partnerships, limited liability companies and S corporations.
Elimination of or limitations to several personal tax breaks […]

By Jeff Belingheri|December 6th, 2018|Categories: Announcements, Business Tax, Individual Tax, Nonprofit Organizations, Real Estate|Comments Off

IRS Alerts Taxpayers about Refund Scam

The IRS warns taxpayers of a new twist on an old scam. Criminals are depositing fraudulent refunds into individual’s actual bank accounts, then attempting to reclaim the refund from the taxpayers. To read more click here: IRS Tax Tip 3.1.18

By Jeff Belingheri|March 2nd, 2018|Categories: BCo Community News|Comments Off

Proposed Tax Legislation – Update

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).

By Jeff Belingheri|December 14th, 2017|Categories: Business Tax, Individual Tax, IRS|Comments Off

Proposed Tax Legislation

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!

By Jeff Belingheri|November 15th, 2017|Categories: Announcements, Business Tax, Individual Tax|Comments Off

2017 Tax Planning Guide

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 […]