Tax deductions

Beware of phantom income and the tax it brings: Tax Strategy Scan

Clients must still account for gains not incurred through a sale or cash distribution.

Tax strategy scan Andrew Shilling July 10

Tax strategy scan Andrew Shilling July 10
AMT still has an impact under the new law: Tax Strategy Scan

Although the rules have become more lenient, high-income clients must not be complacent.

Tax strategy scan Andrew Shilling July 3

Tax strategy scan Andrew Shilling July 3
Ways commuters can save under the new law: Tax Strategy Scan

Salary-reduction arrangements can exclude up to $520 each month from a client’s taxable income to cover these expenses.

Tax strategy scan Andrew Shilling June 26

Tax strategy scan Andrew Shilling June 26
When is a client’s bad debt worthless — and tax deductible?

The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it.

Tax court Roger Russell June 15

Tax court Roger Russell June 15
Tax planning skills that matter with index funds: Tax Strategy Scan

Clients should not only check the fees, but also compare their after-tax returns.

Tax strategy scan Andrew Shilling June 5

Tax strategy scan Andrew Shilling June 5
Tax planners see uncertainty, opportunity in pass-through deduction

The break on qualified business income will save company owners an estimated $415 billion over the next decade. Are your clients eligible?

Tax Cuts and Jobs Act Tobias Salinger May 25

Tax Cuts and Jobs Act Tobias Salinger May 25
The new law is too complicated for small business owners: Tax Strategy Scan

While it offers a hefty tax deduction for pass-through income, an expert says the rules are a "convoluted mess.”

Tax Cuts and Jobs Act Andrew Shilling May 15

Tax Cuts and Jobs Act Andrew Shilling May 15
How retirees can reduce their marginal tax rates: Tax Strategy Scan

One strategy includes encouraging clients to wait until the age of 70 to start collecting Social Security benefits.

Tax strategy scan Andrew Shilling May 8

Tax strategy scan Andrew Shilling May 8
New tax law creates confusion about entertainment deductions

Holiday parties and team-building outings may still be deductible. What about entertaining prospects over dinner?

Tax planning Roger Russell April 24

Tax planning Roger Russell April 24
Is it possible to create tax-free income for life? Tax Strategy Scan

Although annuities incur taxes and costs, clients "can invest the same amount into a diversified municipal bond portfolio and pay no taxes,” an expert says.

Tax strategy scan Andrew Shilling April 24

Tax strategy scan Andrew Shilling April 24

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Tax deductions

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