KPM

Find What Your Looking For

Tag: Case Study

New Rules For Business Travel Deductions

Business travel is still tax-deductible under the Tax Cuts and Jobs Act of 2017 (TCJA), but there is a major difference now. Relatively few individuals will be able to claim

How IRAs Affect Medicaid Planning

The national median cost of a private room in a nursing home is $8,365 a month (more than $100,000 a year), according to the 2018 Genworth Cost of Care Survey.

Mid-Year Tax Planning

Year-end tax planning is on the agenda for many taxpayers, with good reason. That said, you do not have to wait for November or December to make astute moves. Planning

Working Around the New “Kiddie Tax”

Single taxpayers with taxable income up to $39,375 ($78,750 on joint returns) can pay zero percent tax on long-term capital gains. That may suggest some income-shifting strategies. Example one: Suppose

Using The Zero Percent Tax Rate

Generally, profits from selling assets such as securities and real estate held in taxable accounts are classed as long-term if the holding period was longer than one year. Tax rates

Homeowner’s Insurance Protects A Prime Asset

From coast to coast, hurricanes and wildfires and other natural disasters have created headlines while destroying homes. Your principal residence is a valuable asset, so you should be confident your

Deducting Qualified Business Income

The Tax Cuts and Jobs Act (TCJA) created a new deduction for small business owners who operate pass-through entities. That includes domestic companies operated as sole proprietorships or through S