Consider the tax advantages of investing in qualified small business stock

July 16, 2018

While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital gains rates. They remain at 0%, 15% and 20%. The 0% rate generally applies to taxpayers in the bottom two ordinary-income tax brackets (now 10%…

Choosing the best business entity structure post-TCJA

July 9, 2018

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The TCJA also reduced individual income…

The tax impact of the TCJA on estate planning

July 2, 2018

The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and estate taxes. While the TCJA didn’t repeal these taxes, it did significantly reduce the number…

Paul Newman Explains the Benefits of Donating Appreciated Stock.

June 25, 2018

In the 1959 film The Young Philadelphians, Paul Newman plays a promising lawyer trying to handle his social and professional problems while climbing the ranks in Philadelphia. In this scene, he explains the income tax benefits of donating appreciated stock to one of his clients….

Factor in state and local taxes when deciding where to live in retirement

June 18, 2018

Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes should factor into your decision.   Income, property and sales tax Choosing a state that has no personal income tax may appear to be the…

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