TCJA Offers Innovative Ways to Deliver Client Service
By Stephen Boisvert, CPA, MST, CExPTM | Tax Manager It should be no surprise that the topic of the day in the field of income taxes is the Tax Cuts and Jobs Act (TCJA). Like other tax reform packages in the past, the TCJA is a mixed bag of legislation. Some of it will affect…
IRS Ups the Ante on Retirement Contributions
Every year, the IRS releases cost-of-living adjustments to qualified retirement plan amounts. For tax year 2019, many of the limits applicable to pensions and other retirement plans will increase. But some will remain unchanged from 2018. Annual Adjustments The following limits will increase for 2019 based on the cost of living: The elective deferral limit for…
Make a Tax-Smart Redemption of C Corp Stock
Do you have too much of your net worth tied up in your family C corporation? Consider bailing out some or all of that hard-earned wealth with a stock redemption. Here’s an explanation of why the federal income tax results for stock redemptions are far better today than in the past when much higher tax rates…
Itemized Tax Deductions Series
This five part mini series by Gelman, Rosenberg & Freedman CPAs Tax Manager Stephen Boisvert, CPA, MST, CExP will help taxpayers understand the impact of the Tax Cuts and Jobs Act (TCJA). These videos will cover the changes to Schedule A including, medical, state and local tax (SALT), mortgage interest and charitable deductions. Part 1…
Child & Dependent Tax Credits
Tax Manager Stephen Boisvert, CPA, MST, CExP addresses recent changes to the child and dependent tax credit. Watch this short video which explains the new rules for January 2018 – December 2025, and offers real life examples to help viewers anticipate the potential impact to their own tax situation. For specific questions, use the Contact…
2018 Year-End Tax Planning
With the year coming to a close and the income tax filing deadline near, now is the time to invest resources in tax planning — particularly in light of the major U.S. tax reform provisions that took effect in 2018. See our recent Industry Alert about some of the landmark federal and state changes this…
Are You Eligible for the New Dependent Credit and HOH Filing Status?
The IRS continues to publish guidance to clarify provisions of the Tax Cuts and Jobs Act (TCJA). Here’s what you need to know about qualifying for the new $500 tax credit for dependents and beneficial head of household (HOH) filing status based on having a non-qualifying-child dependent. New Non-Qualifying-Child Dependent Credit For 2018 through 2025, the…
Consider Federal and State Tax Changes in Your Year-End Tax Planning
With summer coming to an end, it is not too early to think about year-end tax planning, particularly in light of U.S. tax reform and major developments like the Wayfair ruling. The CPAs at Gelman, Rosenberg & Freedman (GRF) are keeping clients informed as more clarity emerges around these landmark changes, and we work with…
Unraveling the Complexity of Expatriate Taxation: How Employers Can Achieve Compliance and Promote Employee Satisfaction
Join Humentum and Gelman, Rosenberg & Freedman CPAs for an overview of common expatriate tax issues and an overview of the complex expatriate HR areas organizations face. Slide Deck Click Here Recording Speakers Troy Turner, CPA | Tax Partner and Director of Tax Kathleen Curtis Fisken, EA, LPA, ATA | Outsourced Accounting and Advisory Services Principal