Insights & News

The IRS has recently placed increased emphasis on proper documentation of charitable giving by individuals.  Several high-profile cases have produced rather surprising and worrisome results

TJT employee Sarah Watkins Carver was recently named as a winner of the 2014 Elijah Watt Sells Award by the American Institute of CPAs.  The

Please use the link below to download a PDF file containing reference slides from today’s presentation.

There is a wide series of legal aspects that small business owners need to familiarize themselves with when starting up their business. The lines below

The much anticipated tax legislation for 2013 has finally been passed.  On Tuesday, January 1, 2013, Congress passed the American Taxpayer Relief Act, H.R. 8

Many grandparents would like to help their grandchildren with the steep costs of higher education. That’s often a laudable goal, but some methods of providing

The health care reform package (the Patient Protection and Affordable Care Act and the Health Care and education Reconciliation Act of 2010) imposes a new

Among the itemized deductions on Schedule A of Form 1040, you’ll find “Interest You Paid.” As you get your records together for tax preparation, you

Some people may think of prenuptial agreements as asset protection vehicles for wealthy individuals who are about to be married. When a wealthy individual gets

Recent legislation passed by Congress is going to once again allow certain employers to reimburse employees for health insurance costs without penalty.  Among other things,

The good news is that the TCJA of 2017 lowered C-corporation tax rates from a graduated schedule that reached 35% to a 21% flat rate.

Going through a divorce can be financially as well as emotionally devastating. That’s especially true for business owners. Example: Jack Barnes has built his small

Under federal law (and under the laws of most states), retirement plans such as IRAs enjoy some protection in bankruptcy proceedings. Does that same protection

Many business owners structure their companies as S corporations or limited liability companies (LLCs). On the surface there are several similarities. Both types of entities

As you are probably aware, April 15, 2014, is the deadline for filing your 2013 federal income tax return. If you are not ready to

During the tax preparation season, business owners, individual taxpayers, and CPAs may have questions for the IRS. If you need to call the agency, be

With Revenue Ruling 2020-27 issued earlier this week, the Department of the Treasury provided further guidance on possible forgiveness of PPP loans issued earlier this

Five years ago, as the year 2009 dawned, investors weren’t celebrating. The broad stock market had crashed, many other asset classes had fallen as well,

Phishing attacks from malicious hackers are becoming more prevalent in an age where we exchange information and data electronically through email. Given the sensitive nature

Taxpayers are always sensitive to the amount of tax that they pay, but perhaps even more so at this time of year when April 15th

February 13th 12:00 – 1:00