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Archive for June 11th, 2017

apresti

Trump’s FY 2018 budget outlines tax reform proposals

Trump’s FY 2018 budget outlines tax reform proposals Since taking office in January, President Trump has called for comprehensive tax reform. The President’s recently released fiscal year (FY) 2018 outlines some of his key tax reform principles. At the same time, White House officials said that more tax reform details will be released in coming […]

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bwhelan

Debate over health care and taxes moves to Senate

Debate over health care and taxes moves to Senate The future of the Affordable Care Act and its associated taxes has moved to the Senate following passage of the American Health Care Act (AHCA) in the House in April. Traditionally, legislation moves more slowly in the Senate than in the House, which means that any […]

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wnaegele

Business meals and entertainment: how to maximize tax deductions

Business meals and entertainment: how to maximize tax deductions Many businesses consider the occasional wining and dining of customers and clients just to stay in touch with them to be a necessary cost of doing business. The same goes for taking business associates or even employees out to lunch once in a while after an […]

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apresti

How do I? Safeguard tax benefits against natural disasters

How do I? Safeguard tax benefits against natural disasters As “hurricane season” officially begins, the IRS has released a number a tax tips, reminders and other advice to help taxpayers weather the storm of natural disasters and similar emergencies. The underlying theme for all IRS “tax tips” is that recordkeeping has generally become easier in […]

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apresti

FAQ: What are passive losses?

FAQ: What are passive losses? Individuals, trusts, estates, personal service corporations and closely held C corporations may only deduct passive activities losses from passive activity income. The rules do not apply to S corporations and partnerships but do apply to their respective shareholders and partners. In general, limited partners are not deemed to materially participate […]

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apresti

June 2017 tax compliance calendar

June 2017 tax compliance calendar As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of June 2017. June 1 Employers. Semi-weekly depositors must deposit employment […]

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