Child Tax Credit Advances Start July 15
On July 15, 2021, the IRS will start sending monthly child tax credit payments to qualifying families around the country.Thanks to the American Rescue Plan Act passed in March 2021,...
When is My Capital Gains Rate 0%?
With a tax planning opportunity for just about everything, seeking to pay 0% on capital gains is no exception. There are quite a few planning strategies you can utilize in...
The CARES Act: An Overview for Individuals
The CARES Act provides some big wins for individual taxpayers who are in need of an economic lifeline amid the COVID-19 pandemic. Recovery Rebate for Individual Taxpayers The CARES Act...
Corporations Receive Tax Clarity for Offshore Profits
The IRS released highly-anticipated clarity for multinational corporations on how U.S. tax will be calculated on foreign income. Since the 2017 tax reform went into effect, American companies have expressed...
DOL Revisits Overtime Rule in Proposal
On March 7, the Department of Labor (DOL) released a proposed rule that would raise the so-called salary-level threshold for white-collar exemptions to $35,308 per year from $23,660. This means...
Top 7 Last-Minute Tax Strategies
There’s still time left in the year to make some last-minute tax moves. If you are in a higher tax bracket this year or find more income in your paychecks...
Blended Federal Income Tax Rate for Corporations with Fiscal Year
In a recent release by the Internal Revenue Service, corporations operating on a fiscal year that includes Jan. 1, 2018 will pay a blended federal income tax rate due to...
Tax Relief in a Federally-Declared Disaster Area
On January 2, the President declared a major natural disaster for those areas affected by the Thomas Fire. Montecito’s recent mudslides brought another natural disaster to an already-scarred community. If...
Social Security Changes in 2017
The Social Security Administration released a few changes to the program making an impact in 2017. These changes include a slight increase in payments, rise in earnings limit, a higher...
New Overtime Rule Put On Hold by Federal Injunction
A recent ruling by U.S. District Judge Mazzant has put a nationwide hold on the Department of Labor’s new overtime rule, which was supposed to go into effect on December...
Child Tax Credit Advances Start July 15
On July 15, 2021, the IRS will start sending monthly child tax credit payments to qualifying families around the country.Thanks to the American Rescue Plan Act passed in March 2021,...
When is My Capital Gains Rate 0%?
With a tax planning opportunity for just about everything, seeking to pay 0% on capital gains is no exception. There are quite a few planning strategies you can utilize in...
The CARES Act: An Overview for Individuals
The CARES Act provides some big wins for individual taxpayers who are in need of an economic lifeline amid the COVID-19 pandemic. Recovery Rebate for Individual Taxpayers The CARES Act...
Corporations Receive Tax Clarity for Offshore Profits
The IRS released highly-anticipated clarity for multinational corporations on how U.S. tax will be calculated on foreign income. Since the 2017 tax reform went into effect, American companies have expressed...
DOL Revisits Overtime Rule in Proposal
On March 7, the Department of Labor (DOL) released a proposed rule that would raise the so-called salary-level threshold for white-collar exemptions to $35,308 per year from $23,660. This means...
Top 7 Last-Minute Tax Strategies
There’s still time left in the year to make some last-minute tax moves. If you are in a higher tax bracket this year or find more income in your paychecks...
Blended Federal Income Tax Rate for Corporations with Fiscal Year
In a recent release by the Internal Revenue Service, corporations operating on a fiscal year that includes Jan. 1, 2018 will pay a blended federal income tax rate due to...
Tax Relief in a Federally-Declared Disaster Area
On January 2, the President declared a major natural disaster for those areas affected by the Thomas Fire. Montecito’s recent mudslides brought another natural disaster to an already-scarred community. If...
Social Security Changes in 2017
The Social Security Administration released a few changes to the program making an impact in 2017. These changes include a slight increase in payments, rise in earnings limit, a higher...
New Overtime Rule Put On Hold by Federal Injunction
A recent ruling by U.S. District Judge Mazzant has put a nationwide hold on the Department of Labor’s new overtime rule, which was supposed to go into effect on December...