EXECUTIVE COMPENSATION LIMITS

Executive compensation limits. In drafting these proposed regulations, The Treasury Department and the IRS have considered all comments received on the notice. Commenters noted that the many examples in Notice 2018-68 were helpful in illustrating the guidance in the notice. In light of these comments, the Treasury Department and the IRS have included numerous examples […]

FORMULA FOR PAYING NO TAX ON 100k

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 old) and the top of the 0% capital gains tax […]

TAX CUTS MAKE SMALL REFUNDS.

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Tax Cuts Make Small Refunds. Next year could be worse unless you act now. Ever since the Tax Cuts and Jobs Act has been passed many tax preparers have been delivering bad news to long time clients. They owe the government money. Even though the campaign promises were that they would get a big refund, […]