Archive for the
‘Tax’ Category

Jun 18, 2018

Bob Veres

Tax, Taxation

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States vs. SALT Each year, thousands of professionals use their creativity and ingenuity to try to figure out the best ways to lower your federal taxes.  You know you’re living in interesting times when state lawmakers join that crowd. The reason they’re working so hard is something popularly known as the SALT provisions of the […]

Jun 18, 2018

Bob Veres

Money, Tax, Taxation

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Reclaiming Charitable Deductions You may remember that when the new tax law was debated, there was a lot of chatter around the possibility that Congress would totally eliminate the deduction for charitable contributions.  That Republican-backed proposal never made it into the final Tax Cuts + Jobs Act, but in other ways the tax changes may […]

Jun 18, 2018

Bob Veres

Money, Tax, Taxation

0

Tax Simplification That Really Is One of the the biggest misnomers coming out of Washington is the idea of “tax simplification,” where Congress purportedly makes it easier for all of us to fill out our tax returns by adding several thousand pages of new rules, rates and lists of things we can and cannot deduct […]

May 02, 2018

Bob Veres

Money, Tax, Taxation

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The Long Reach of the IRS You probably don’t spend a lot of time feeling sorry for a U.S. citizen named Meghan Markle, who is about to tie the proverbial knot with Prince Harry of England. But an article in the Wall Street Journal notes that Ms. Markle, and other American citizens who marry foreigners, […]

May 02, 2018

Bob Veres

News, Polotics, Tax

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The Trade War that Isn’t—Yet When most of us hear talk about something described as a “war,” we intuitively recognize that there could be very unpleasant outcomes on all sides. Wars have one thing in common: there is seldom a clear-cut “winner” amid the damage and destruction. So when President Trump declares a “trade war” […]

Another Tariff, Another Downturn Last weeks, stocks went on sale again, but there didn’t seem to be a lot of bargain hunters stepping in to take advantage. The S&P 500 dropped 5.9% over five days, its worst week since January 2016. This follows a by-now-familiar pattern: the Trump Administration announces tariffs—this time on Chinese imports […]

Much Ado About… You may have heard about the “Trump Tariffs;” that is, the proposed 25% surtax on all steel imports coming into the U.S. from foreign manufacturers, and a similar 10% surtax on aluminum. The markets certainly noticed; they fell dramatically after the announcement, as investors feared that the move would spark a global […]

Dec 19, 2017

Bob Veres

News, Tax, Taxation

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What the Tax Bill Means to You The new tax law hasn’t been formally ratified by the U.S. House and Senate, but all indications are that the Tax Cuts and Jobs Act of 2017 will be sent to the President’s desk in the next few days. As you probably know, the House and Senate versions […]

Dec 08, 2017

Bob Veres

Tax, Taxation

0

Senate Tax Bill The U.S. House of Representatives passed its proposed tax “reform” bill last month, and now the Senate has followed suit. Interestingly, the two bills are different enough that the two sides are going to have to meet and hammer out a compromise. Here’s a quick glance at the provisions in the Senate […]

Nov 10, 2017

Bob Veres

Tax, Taxation

0

The New Tax Legislation Chances are, you’ve heard that tax “reform” is right around the corner—that is, if you can call it “reform” when hundreds or perhaps thousands of new pages are about to be added to the tax code. First, the White House released its tax legislation wish list. Now the Republicans in the […]

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