Insights by Author: Abel Barragan

Expanded Sec. 152 for Dependents

September 10, 2019

The Tax Cuts and Jobs Act broadened the Child Tax Credit and introduced some big changes…

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The Impact of Tax Reform on Alimony

August 17, 2018

The Tax Cuts and Jobs Act has turned the tax code upside down on alimony, especially…

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IRS Releases 2018 Pension Plan Contribution Limits

December 21, 2017

A new year brings new changes. The Internal Revenue Service recently announced updated pension plan contribution…

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A New Twist on an Old Scam

September 28, 2017

As many are aware, tax scams are on the uptick. What you may not know is…

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Construction Companies Go Green

June 9, 2017

The construction industry has discovered that greening its energy sources with renewable energy initiatives is good…

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New Deadline and Increased Penalties for Forms 1099 and W-2

December 9, 2016

The IRS is getting stricter on filing deadlines for information returns and have increased penalties for…

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IRS Announces Various Tax Benefit Increases for 2016

December 29, 2015

For tax year 2016, the IRS recently announced many annual inflation adjustments. IRS Revenue Procedure 2015-53…

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Tips for a Quicker End to Your Mortgage

If you're serious about paying off your mortgage quickly, realize that every dollar you add to ...
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Can I Claim a Home Office Deduction During COVID?

Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces ...
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Annuities: Know the Pros and Cons

Some love annuities, some hate them, but there's no denying that many find them useful, and ...
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Is It Time to Move Off of QuickBooks?

QuickBooks is an excellent and cost-effective solution for small businesses, maybe even midsize businesses. But your ...
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When is My Capital Gains Rate 0%?

With a tax planning opportunity for just about everything, seeking to pay 0% on capital gains ...
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Tax Considerations for Today’s Mergers & Acquisitions

In the midst of continued uncertainty oscillating in the global market, opportunities emerge in times of ...
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SBA Stimulus Funding May Prompt Single Audit

In a rapid emergency response to the global pandemic, the federal government rolled out the Coronavirus ...
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FASB Grants Delay for Revenue Recognition and Leases Standard

In a recent and welcomed move, the Financial Accounting Standards Board (FASB) approved a one-year deferment ...
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Congress Loosens PPP Loan Restrictions

Congress recently passed legislation to loosen some of the restrictions that came with the popular Payroll ...
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Stimulus Payments Being Sent as Visa Debit Cards

The Internal Revenue Service has been distributing Economic Impact Payments to taxpayers across the nation since ...
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Do You Need a Will and a Trust?

Everyone wants to protect their families, even after they pass from this world. That’s the purpose ...
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The Essentials of Cloud-Based Accounting Software

“Siri, what is my year-to-date net income?” This is where technology is going. Are you on ...
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