Insights
Making stock sales less taxing
Patient investors generally have prospered over the long term. Nevertheless, there are many reasons for selling stocks. Knowing the basics can help improve your tax position. Selling shares held in a taxable account will trigger taxable capital gains or losses, unless...
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...