Have you figured out the new federal income tax deduction for qualified business income?
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Decision — The mailbox rule
How well do you know the "timely mailed, timely filed" rule, also known as the "mailbox" rule?
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Definition — The domino doctrine
In complicated systems, making a single change can result in other, unintended changes.
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Definition — Underestimating the estimate
Never underestimate the value of fun or tax payments. You'll pay the price in the long run.
... Read This PostDefinition — Laughter and other medical deductions
Laughter may be the best medicine, but it’s also one you can’t get a tax deduction for.
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The December 2017 federal income tax law changed certain business tax items beginning with 2018 filings. Do you know which of the following statements are from the new law?
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Back in August, the IRS issued proposed regulations about the new limitation on federal income tax deductions for state and local income taxes.
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