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Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2017
This is not my usual blog. It is a Supplement to my 2017 edition of J.K. Lasser’s 1001 Deductions and Tax Breaks. (The Supplement to ... -
Partnerships and LLCs from a Tax Perspective
A partnership is not a tax-paying entity, but files an annual tax return, Form 1065, to report income, deductions, and other items. These items pass ... -
Defining Small Business for Tax Reform Purposes
“Small business owners” are part of the tax reform conversation that is underway, but what does this term mean? The Treasury’s Office of Tax Analysis ... -
What Does a Trump Presidency Mean for Small Business?
Congratulations to Donald Trump, who is now the President-Elect. With the election in our rear view mirror, now’s the time to focus on the future. ... -
The President’s Tax Proposals
Follow @BarbaraWeltman In the President’s State of the Union Address on January 20, 2015, he laid out some tax proposals designed to raise revenues to ... -
What to Do About Sec. 179 Uncertainty
Follow @BarbaraWeltman Here’s the catch-22 for businesses: in order to increase their capital good, equipment is necessary, but to get the equipment, businesses may lack ... -
Just Another Reason That It’s Time To Re-do the Tax Code
The current version of the Internal Revenue Code is large, complex, and flawed. There have been calls on both sides of the aisle in Congress ... -
My Take on the Latest Tax Reform Proposals
Last week, Senator Baucus (D-Montana), chairman of the Senate Finance Committee, released a draft proposal for tax reform measures. The following is a brief rundown ... -
Tax Reform for Small Businesses
Everyone agrees that changes are needed because current rules are too complex and too uncertain (with expiration dates of some breaks every year or two), ... -
5 Tax Reform Changes I’d Make if I Could
The NFIB’s recent survey of small business owners found that 85% of them were in favor of tax reform. If I were able to unilaterally ...
