Tag: individual tax

Massachusetts Millionaires Tax Struck Down
Massachusetts’s “Millionaires Tax” Struck Down

A proposed ballot question for Massachusetts’s November election has been struck down by the Massachusetts…

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Mid-Year Planning Tax Changes to Factor In
Mid-Year Planning: Tax Changes to Factor In

The Tax Cuts and Jobs Act, passed in December of last year, fundamentally changes the…

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Building an On Off Switch Into Your Estate Plan
An On/Off Switch for Your Estate Plan

When planning your estate, there can be tension between estate tax planning and income tax…

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Preparing for the Future with Your Tax Refund
Preparing for the Future with Your Tax Refund

In 2017, the IRS issued more than $268 billion in tax refunds with an average…

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US Taxation of Foreign Nationals
U.S. Taxation of Foreign Nationals

Foreign nationals are taxed in the U.S. based on a variety of factors - treaties,…

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The Use of an ING Trust to Reduce Your State Income Tax Liabilities
This Type of Trust (ING) Can Reduce Your State Income Tax Liabilities

The term ‘ING’ trust stands for Incomplete Gift Non-Grantor Trust. When a trust is established…

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Tax Reform FAQs
Tax Reform FAQs

The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” represents…

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IRS Releases Updated Withholding Calculator and Form W-4
IRS Releases Updated Withholding Calculator and Form W-4

Last week, the IRS released an updated withholding calculator as well as a new Form…

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Home Equity Loan Interest Still Deductible, According to IRS
Home Equity Loan Interest Still Deductible, According to IRS

Following a surplus of questions from taxpayers and tax professionals alike, the IRS announced last…

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2017 Research Tax Credit Payroll Offset Claims: Recent Updates
2017 Research Tax Credit Payroll Offset Claims: Recent Updates

Beginning in 2016, qualified small businesses now have the ability to offset up to $250,000…

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