Could Trump’s Policies Wipe Out Tax Cut Benefits?

By ||Categories: Tax Plans, Taxes|

The recently passed Tax Cuts and Jobs Act was, according to its writers, designed to stimulate the economy. The Trump administration has championed the bill, saying that it will create economic growth of 3% per year, higher than the recent average of 2.3% a year. However, some economic analysts are lamenting other Trump policies, like tariffs [...]

“Google and Apple Taxes” are Being Considered by These California Cities

By ||Categories: Tax Plans, Taxes|

A new “Amazon tax” has recently passed in Seattle, which has some cities in California’s Silicon Valley considering a similar tax of their own. The city councils in Mountain View, which is home to Google, and Cupertino, which is home to Apple, are said to be considering imposing similar taxes. Seattle’s new “Amazon tax” is also [...]

What You Need to Know About the Tax Code Before a Business Investment

By ||Categories: Tax Plans, Tips|

Many people spend so much time building their investment portfolios that they consider it a part of their business strategy. However, not all people making regular business investments actually qualify to be taxed as traders (the official IRS name for professional investors). To qualify as a trader, and get the excellent tax benefits that come along [...]

Have Trump’s Tax Cuts Helped the Economy?

By ||Categories: Tax Plans, Tax Relief|

President Trump has stated many times that improving the American economy is one of his major missions as President. He’s also stated that the tax cuts in the recently passed Tax Cuts and Jobs Act will further this mission, calling it “rocket fuel” that will supercharge the economy. Although the Tax Cuts and Jobs Act has [...]

IRS Warns Tax Payers About Tax Refund Delays

By ||Categories: Tax Plans, Taxes, Tips|

If you’re thinking of claiming— or have already claimed— the Earned Income Tax Credit or the Additional Child Credit, the IRS wants to make sure you know your tax refund will be delayed. This year, the IRS has released several notices reminding taxpayers that their refunds will be delayed if they claim these credits. The IRS [...]

Donald Trump’s Tax Reform on Estate and Gift Taxes

By ||Categories: Tax Plans, Taxes|

The Tax Cuts and Jobs Act that passed in December made some major changes to laws surrounding federal estate and gift taxing— changes that might turn out to be great news for those concerned about their legacy planning. When one passes money on after their death or gifts money during their life, this money is subject [...]

Senate Passes TAX REFORM – What does that mean for you?

By ||Categories: Tax Plans, Taxes|

There’s been a lot of buzz around the Trump administration’s tax reform bill this year. Last Saturday, the buzz and rumors around the new bill became reality as the Senate introduced and narrowly passed a new tax reform bill in the early hours of the morning. So, what’s in this new bill and how will it [...]

Trump’s Offshore Tax Plan May Set Some American Companies Up For A Windfall

By ||Categories: General, Tax Plans|

New tax laws ending global taxation of American companies have been proposed by the Trump administration. This new tax law would greatly benefit multinational American companies, and would especially benefit those who have used certain accounting maneuvers to avoid paying foreign taxes right away. To understand how this tax plan would affect American companies, there are [...]