Handling qualified charitable distributions
After the initial rush of filing for 2018 returns, many people will learn that they’re no longer itemizing deductions. The TCJA placed limits on some deductions and increased the standard deduction significantly, so most taxpayers are taking the standard deduction,...IRS says business meal deductions still apply
The Tax Cuts and Jobs Act (TCJA) of 2017 generally disallowed all deductions for business entertainment, amusement, and recreation. However, the TCJA did not specifically turn thumbs up or down on the deductibility of business meal expenses. Example: Jim Morgan, who...TJT Electronic Invoicing and Payment Options
TJT now offers electronic invoicing and payment options. You can choose to receive your bill from TJT via email and then make the payment electronically as well if that is your preference. To opt into electronic billing, please email Joette Crews at...TCAR – Tax Advantages of Investing in Qualified Opportunity Zone Funds – 2/7/2019
Please use the link below to download a PDF file containing reference slides from today’s presentation. Investing in Qualified OZ Funds Authored by Chris Judy and Wilson Hicks .The New SALT Deduction Limits Will Affect Home Sales
The Tax Cuts and Jobs Act (TCJA) of 2017 sharply raised the standard deduction and placed limits on itemized deductions. In particular, no more than $10,000 can be deducted in state and local tax (SALT) payments on a single or joint tax return. As a result, most...More Give in the Gift Tax
The Tax Cuts and Jobs Act of 2017 increased the federal estate tax exemption to $11.18 million for 2018. That’s per person, so the combined exemption for a married couple can be as much as $22,360,000 worth of assets this year. The same ceilings apply to the federal...TJT Audit Partner Interviewed for Philanthropy Journal
TJT audit partner Kristen Hoyle was interviewed for an article on nonprofit evaluation tools. The article was co-written by TJT audit associate Andrew Slatter as part of his studies with the NC State Master of Accounting program. The article appeared in the online...Tax Advantages of Investing in Qualified Opportunity Zone Funds
Please use the link below to download a PDF file containing reference slides from today’s presentation. Investing in Qualified OZ Funds Authored by Chris Judy, Geri Lail, and Thomas Crawford.Supreme Court Issues Major Online Sales Tax Ruling
Last week, the U.S. Supreme Court overturned a 1992 Supreme Court ruling (Quill v North Dakota) which held that businesses were not required to collect sales taxes unless they have a substantial connection to the state such as a physical presence in that state. This...Awards & Associations
"Thomas Judy & Tucker has long provided us with exemplary service. We can count on them — not to simply meet, but to exceed, our expectations."
- John Kane, Chairman & CEO Kane Realty Corporation