This special edition Q1 2018 Tax Letter is full of investing and planning strategies that can help you with ongoing financial management and tax planning. It contains information on:
2018 Tax News
Taxable Versus Tax-Deferred Accounts
Tax Credits Beat Tax Deductions
Asset Allocation in 529 Plans
IRS Ruling May Rescue Estate Plans
ESOPs As Retirement Plans
CPA Client Tax Letter Q1 2018 from TR&S CPA
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See Also: Citation and Resource Guide accompanying this publication
This CPA Client Tax Letter is provided by Twilley, Rommel & Stephens P.A […]
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into effect next year, there’s still a narrow window of time before year-end to soften or avoid the impact of crackdowns and to best position yourself for the tax breaks that may be heading your way. Here’s a quick rundown of last-minute moves you should think […]
Congress passed a tax bill late last week that is expected to be signed into law. Below is a link to a comparison chart, provided by the Tax Foundation that summarizes the changes. The technical details are still in process; however, please feel free to call us if you have any questions.
Click to Download the Comparison Chart
Tax and Financial News
The Most Wonderful Time of the Year – Tax Planning Season
Now is the time to focus on year-end tax planning. Careful and strategic planning can help minimize your tax bill and maximize what you keep. Given the uncertainty and sweeping scope of proposed tax law changes, planning is both more complex and more important than ever this year. Below, we discuss five year-end tax planning strategies you can use to maximize how much of your own money you keep.
Play the Timing Game
Why pay taxes now if […]