Fundamental tax truths for C corporations
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and...
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mconnolly54
Jul 3, 20192 min read
Investment interest expense is still deductible, but that doesn’t necessarily mean you’ll benefit
As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized deduction...
mconnolly54
Jul 3, 20192 min read
Depreciation-related breaks on business real estate: What you need to know when you file your Return
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the...
mconnolly54
Jul 3, 20192 min read
There’s still time to get substantiation for 2018 donations
If you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging...
mconnolly54
Jul 3, 20192 min read
Is Now the Time for Some Life Insurance?
Many people reach a point in life when buying some life insurance is highly advisable. Once you determine that you need it, the next step...
mconnolly54
Jul 3, 20192 min read
Taxable vs. Tax-advantaged: Where to Hold Investments
When investing for retirement or other long-term goals, people usually prefer tax-advantaged accounts, such as IRAs, 401(k)s or 403(b)s....
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