The following is a brief summary of the federal income,… Read more »
Federal Taxation of Individuals in 2023
Category: Tax
Basic Rules for Charitable Deductions
Charitable contributions are an excellent way to support your favorite… Read more »
Taxes Play a Part in the Relief After Natural Disasters
The disruption and destruction caused by natural disasters to both individuals and businesses make tax relief necessary and helpful to the restoration process.
Estate Planning During Inflation and Changing Interest Rates
Key Takeaways: Inflation and changing interest rates have a tremendous… Read more »
GUIDE: 2022-23 Tax Planning Strategies for Individuals
View web version View PDF version This guidebook… Read more »
Wealth Planning Considerations for High Net Worth Individuals
As another year winds down, high net worth individuals should… Read more »
The Inflation Reduction Act of 2022
Key Points The newly passed Inflation Reduction Act of 2022… Read more »
Livestock – Depreciate? Inventory? Sell?
Livestock held primarily for sale by for-profit farmers must be included in inventory. However, livestock held for draft, breeding, or dairy purposes can either be included in inventory or depreciated. Learn more.
IRS Extends Deadline for Relief to Five Years Following Decedent’s Death
Announcement Results in Substantial Estate Tax Relief for Surviving Spouses… Read more »
Bonus Depreciation Changes Coming in 2023
TCJA allows 100 percent expensing of short-lived capital investments for 5 years, then a 20-percent phase-down schedule over the subsequent five. Learn more.