February 2018

IRS Clarification: Home Equity Loan Interest May Still Be Deductible

The IRS recently announced that in many cases, taxpayers can continue to deduct interest paid on home equity loans. The…

How the New Tax Law Affects Rental Real Estate Owners

Do you own residential or commercial rental real estate? The Tax Cuts and Jobs Act (TCJA) brings several important changes…

Close-Up on Mortgage Interest Deduction Rules

The Tax Cuts and Jobs Act (TCJA) imposes new limits on home mortgage interest deductions. Here’s how the changes could…

How the New Limit on SALT Deductions Affects Homeowners

The ability to deduct state and local taxes (SALT) has historically been a valuable tax break for taxpayers who itemize…

Important Tax Figures for 2018

The following table provides some important federal tax information for 2018, as compared with 2017. Many of the dollar amounts…

Senior Accountant Passes CPA Exam

Congratulations to Nat Arbour for passing the CPA exam! Nat is a senior accountant in the Richmond office. His clients…

AMT Calculations: It’s Showtime

The alternative minimum tax (AMT) was enacted back in 1969 to ensure that high-income individuals don’t take advantage of multiple…

New Law Eases the Individual Alternative Minimum Tax

The Tax Cuts and Jobs Act (TCJA) retains the individual Alternative Minimum Tax (AMT). But there’s a silver lining: The…

2018 Engage Leadership Program: July 26

You’ve always been intrigued by the world of accounting and wondered if becoming a certified public accountant (CPA) might provide…

Spotlight on Pass-Through Entities under the Tax Cuts and Jobs Act

Will pass-through entities still be popular under the Tax Cuts and Jobs Act (TCJA)? The tax rules for pass-through entities,…