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Tax Advantages of a Donor-Advised Fund

A donor-advised fund, or DAF, is a giving vehicle established at a public charity. It...

THE SINGLE MEMBER LLC TAXED AS AN S CORPORATION

As a single member LLC your entity is considered a “disregarded entity” for federal tax...

2018 Year-end Tax Planning Tips

As the end of another year approaches, it’s time to start thinking about ideas which...

Planning for Business Owners

Flow-through planning. The activities, income, and deductions of partnerships, S corporations, and sole proprietorships flow...

Gift and Estate Tax Planning

Consider implementing gift and estate planning strategies to transfer wealth to younger generations while minimizing...

Economic Nexus & State Sales Tax

On June 21, 2018, the Supreme Court of the United States handed down a historic...

Filing College Financial Aid Forms (FAFSA)

For the 2019-2020 school year, the federal government's financial aid form, the FAFSA, can be...

Student Loan Discharged on Death or Disability

Gross income generally includes the discharge of indebtedness of the taxpayer. Under an exception to...

State and Local Tax Deduction Limited

Under pre-Act law, taxpayers could deduct from their taxable income as an itemized deduction several...