Nov 26, 2019 | Business, Tax
Employee parking expenses – how much can your business deduct? The Tax Cuts and Jobs Act (TCJA) resulted in many tax law changes. One of them was the new rule for determining the deductible portion of employee parking expenses. Under the new Section 274(a)(4),...
Nov 25, 2019 | Charitable Giving
I inherited my mother’s IRA and I’m required to begin taking required minimum distributions (RMDs) this year. Can I have the withdrawals transferred to a charity and not report them as income? Taxpayers are allowed to donate up to $100,000 ($200,000 for a couple) of...
Nov 24, 2019 | Personal Finance, Tax
Health Savings Accounts (HSAs) are one of the best retirement and investment tools for various reasons. A HSA is a savings account set up for the sole purpose of paying the qualified medical expenses of the account’s beneficiary or the beneficiary’s dependents or...
Nov 23, 2019 | Investing, Tax
The 2018 Tax Cuts and Jobs Act added something new to the tax code called Opportunity Zones. An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify...
