News & Perspective

Final regulations on opportunity zones. After considering over 300 formal comment letters and additional taxpayer feedback, the Treasury Department and IRS have issued final regulations on Opportunity Zones to provide clarity and certainty for inv... Read More

Protecting from higher tax rates in 2019. Taking steps to defer your federal income tax bill is usually a good idea, especially if you expect to be in the same or lower tax bracket in future years. If that assumption pans out, making moves that lo... Read More

Regulations on estates after 2025. The Treasury Department and the Internal Revenue Service issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 wi... Read More

Ten worst tax policy ideas of 2019. It is that time again. TaxVox has whittled down its list of the year's bad tax ideas to 10, here they are. The government shutdown. The federal government started 2019 largely closed for business, as Congress an... Read More

Tax documents you need to file right. When most people celebrate the new year, tax returns aren't generally on their minds. But if you're expecting to get a tax refund and itching to have that money in your pocket as soon as possible, there's a go... Read More

Warren wealth tax has wide support. Senator Elizabeth Warren's plan to tax the assets of America's wealthiest individuals continues to draw broad support from voters, across party, gender and educational lines. Only one slice of the electorate opp... Read More

Formula for paying no tax on 100k. The question of how much can we earn without paying federal income taxes is relatively easy to answer for most people. The standard deduction for a married couple is $24,400 in 2019 (if both are under 65 years ol... Read More

Rental properties safe harbor rules. The IRS has issued safe harbor guidelines for the owners of rental properties in order to qualify for the new 20% deduction (Section 199A). While your rental activities may be considered an eligible trade or bu... Read More

Reporting for life insurance policies. The Internal Revenue Service issued final regulations on the new  information reporting requirements for certain life insurance contract transactions. The requirement was authorized under new section 6050Y, a... Read More

Claiming casualty loss is tricky. Hurricane Dorian a category 5 storm, has been called the strongest storm to ever threaten the east coast with maximum sustained winds of over 185 mph. According to the National Hurricane Center, "Although gradual ... Read More