2019 Year End Newsletter

December 6, 2019

With the end of the year upon us, we wanted to discuss some actions you can take between now and December 31 to optimize your tax situation. Tax reform is here to stay, so there are no big changes in the law. However, there are many actions, based on the current rules, that may help

Sitting on Appreciated Stock?

December 6, 2019

A lot of you may hold stock that has appreciated significantly, and you may be concerned about the tax hit you will face if you sold that stock. There are other options to selling which may provide a tax benefit for you and prevent or defer the recognition of capital gains. 1. Donate the stock

Hold yourself accountable using Accountable Plans

December 5, 2019

Many of you may have S corporations that are operated from your home. With tax reform, employee business expenses have been eliminated from itemized deductions, so your expenses have not been utilized. While home offices in S Corps are tricky, there is a way to have the business pay and deduct home office expenses via

Extension Deadline Remember

August 27, 2019

We hate to ruin your summer but extension deadlines are around the corner! If we do not have all of your information by the following cut off dates (with the exception of pending K-1s) we cannot guarantee your return will be filed by the extension deadlines. Partnership & S-Corp DeadlineIRS Deadline:  September 16, 2019Document Deadline:  August