If you drive down any commercial district, you will see… Read more »
Tax Benefits and Limitations of Real Estate Investments
Rental property often offers larger deductions and tax benefits than most investments. Investors should also be aware of IRS real estate limitations from a taxation perspective.
Artificial Intelligence and the Future of Tax Returns
The arrival of artiﬁcial intelligence as a powerful tool in… Read more »
The Kiddie Tax Under TCJA
Whether you’re looking to reduce tax, shift income, or fund education, it’s important to understand the changes that the Kiddie Tax law underwent with TCJA.
Pros and Cons of 529 College Savings Plans
This article covers the pros and cons of 529 college savings plans which are education savings plans operated by a state designed to help fund education.
Estate and Gift Tax Under TCJA
Taxpayers have now through 2025 to take advantage of the increased estate and gift tax lifetime exemption assuming no intervening legislative changes.
Preparing to be an Executor
The role of an executor can be extremely time consuming and stressful. However, there are steps that can be taken now, while your friend or loved one is still living, that can reduce the stress and complications that come with the job. This article covers 9 steps.
Estate Planning – It’s a Matter of Trust
Early estate planning is one way to ensure that as you age, your assets will be protected and managed with your best interests in mind. One common method is the creation of a revocable living trust (“living trust”).
Section 199A Deduction for Pass-Through Businesses
The Tax Cuts and Jobs Act (TCJA) was passed on… Read more »
Meals and Entertainment Deductions — Changes in IRC § 274
LBMC’s tax team has put together this reference chart as a tool to help you navigate the changes to the meals and entertainment deduction.