More Tax Cuts!!

More Tax Cuts!!  And Retroactive to 2017 Just  when you thought it was safe to prepare your tax returns for 2017 – Congress passed more tax cuts as part of the two year budget agreement to keep the federal government operating.  Better yet, many of the cuts are good...

Mortgage Interest Deduction in 2018

Do I Lose My Mortgage Interest Deduction in 2018? In a word – no.  But there are big changes in the mortgage interest deduction for 2018. Let’s look at what hasn’t changed.  If you borrowed amounts from mortgages you signed before 2018, your mortgage interest...

Should You Consider a Change in Business Entity?

Should You Consider a Change in Business Entity? The new tax law makes major changes to the taxation of businesses.  Owners should reconsider their choice of entity based on the new deduction for pass through entities and the 21% C corporation tax rate. Let’s assume...