Feeling the urge to purge? Summer’s coming, so it’s likely you’re wrapping up your spring cleaning before your summer fun begins. April 17, 2018 was the deadline for individuals and C-corporations to file their federal income tax returns for 2017 (or to file for an extension). Before you throw out your old financial records, however, […]
On December 22, 2017, President Trump signed the new tax reform bill, the Tax Cuts and Jobs Act, into law. This new tax law brought big changes for both individuals and companies. In general, the changes to individual provisions expire at the end of 2025, but the corporate changes are permanent. While new the new […]
1. Joint vs. Separate Returns One of the first decisions for a married couple to make is whether to file jointly or separately. Most couples will fare better with a joint return, but that’s not always the case. For example, one spouse might have a disproportionately high amount of casualty losses or deductible medical or […]