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US Tax Reform – Top Action Items and Observations

The Tax Cuts and Jobs Act (TCJA) is the biggest federal tax law overhaul in 31 years, and it has both good and bad news for taxpayers. LBMC highlights some of the most significant changes affecting business and individual taxpayers.

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How to handle casualty losses on your tax return

The tax treatment of casualty losses is certainly far from anyone’s mind at the moment, but with tax filing season just beginning, it’s important to understand what amounts taxpayers may be entitled to deduct.