Federal Tax Tips – May Releases

Our tax alerts are high-level communications and should not be considered as legal or actionable tax advice. Please contact us with any questions you have.

Federal Tax Tips – April Releases

Our tax alerts are high-level communications and should not be considered as legal or actionable tax advice. Please contact us with any questions you have.

Federal Tax Tips – March Releases

This communication is high-level and should not be considered as legal or tax advice to take any specific action. Please contact us with any questions you have.

Get a tax credit for your home’s green energy upgrades

If you are installing renewable energy systems in your primary or other residences, you may be eligible for a valuable tax break. If your home improvements qualify, the Nonbusiness Energy Tax Credit can reduce your federal tax bill.

Contractual allowance vs. bad debt for healthcare providers

Knowing the difference between contractual allowance and bad debt is critical to healthcare providers. The IRS wants bad debt clearly separated in tax returns. LBMC can help with revenue recognition standards and tax reporting.

2019 Estate and Gift Tax Update

As the law currently stands, taxpayers have now through 2025 to take advantage of the increased estate and gift tax lifetime exemption assuming no intervening legislative changes.

Charitable Contribution Planning Under the TCJA

With good planning and communication, many tax-advantageous opportunities are out there for individuals to maximize the assets they wish donate to charity while retaining the tax benefit.

Revenue Recognition Standards Have Changed – What Does My Company Do Now?

Revenue recognition accounting standards drastically changed for middle market nonpublic businesses, effective January 1, 2019, for those with a calendar year-end. What do we need to do to comply with these changes, and how do we get there? Read the article to find out.