Tax Tips

Details of tax reform legislation revealed

The House Ways and Means Committee released draft tax reform legislation on Thursday. The Tax Cuts and Jobs Act, H.R. 1, incorporates many of the provisions [...]

Tax credits for qualified plug-in electric vehicles make their lofty cost more palatable

Auto manufacturers have significantly increased their offerings of passenger autos that are propelled solely or significantly by electric power. Plug-ins [...]

Oil and Gas Tax Benefits

Direct participation in oil and gas can generate several tax benefits. These benefits range from large up front deductions for intangible drilling costs (IDC), [...]

Projected 2016 Tax Rates and Brackets – Tax Penalties To Rise

Taxpayers are getting a little bit of a warning that changes in tax brackets and higher IRS penalties are coming soon. Bloomberg BNA released Projected 2016 [...]

Key Tax Tips on the Tax Effects of Divorce or Separation

Income tax may be the last thing on your mind after a divorce or separation. However, these events can have a big impact on your taxes. Alimony and a name [...]

7 Tax Tips On Vacation Home Rentals

This summer, you may be sticking close to home or traveling out and about. Either way, if you have a vacation home, it pays to think about taxes now, long [...]