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Determining Your Taxpayer Filing Status

For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When you file your return, you do so with one of five filing statuses, which depend in...
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Disaster Loss Election Final Regulations

The Internal Revenue Service (IRS) has released final regulation on the election to take a loss resulting from a federally declared disaster in the year preceding the disaster. The final regulations adopt proposed regulations substantially without ch...
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Ask the Advisors: Tax Reform

Q.  Now that the dust from tax reform has settled, can we rest easy for awhile? Unfortunately, no. Tax reform was a disruptive event for both individuals and businesses. From the standard and itemized deductions, to the impact on multi-national comp...
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