On September 14, 2018, the House Chairman approved plans for U.S. Tax Reform 2.0 after House Republicans advanced another round of legislative efforts to solidify the new tax code. The package includes three bills that are intended to perpetuate the successes of the Tax Cuts & Jobs Act, and will bring permanent individual and small […]

The payment of quarterly estimated taxes is an obligation that many individuals know must be fulfilled, but oftentimes taxpayers do not fully understand the circumstances under which estimates should or must be paid. This leads to questions such as “why am I subject to quarterly estimated taxes, while my neighbor is not?” and “how can […]

Early morning on December 2, 2017, Senate leaders passed what will be an historic tax overhaul bill, the Tax Cuts and Jobs Act. Senate Finance Committee Chairman Orrin Hatch stated in a press release from the Committee that “this landmark achievement is the culmination of months of hard work and cooperation among Finance Committee members; […]

Ways and Means Committee Chairman Kevin Brady offered his second amendment to the Tax Cuts and Jobs Act on November 9, 2017, before the House committee voted to advance the tax reform bill. The amendment refines several provisions in the Tax Cuts and Jobs Act, and its targeted plans include helping American families, providing tax […]

On November 2, the Trump administration unveiled the long awaited details of its tax plan.  The 429-page “Tax Cuts and Jobs Act“ (“the Act”) articulates the scope of the changes and contemplates new law for individuals & businesses.  While the initial plan has been released, many GOP members are suggesting that the bill may be substantially […]

One often-overlooked consideration that taxpayers should have on their tax planning agenda pertains to the inevitable – death. Our time and resources are more often consumed with planning and strategizing our day-to-day lives to stay ahead in the ever-changing U.S. economy, but many fail to ask one vital tax planning question:  what can I do […]