Tax News Updates & Info Resources

  • Delaying Required IRA Distributions Again Would Largely Help Only The Wealthy
  • Should Government Use Tax Incentives to Encourage People to Get The COVID-19 Vaccine?
  • Biden’s Effort to Close the Tax Gap Is Well-Intentioned but Flawed
  • Will Biden’s Plan to Reduce the Tax Gap by Increasing the IRS’s Budget Raise $300 Billion?
  • Avoiding Biden’s Proposed Capital Gains Tax Hikes Won’t Be So Easy. Or Will It?
  • Monthly or Quarterly Child Tax Credit Payments? Both Have Value
  • Biden Would Close Giant Capital Gains Loopholes—At Least For The Rich
  • Are IRS Security Tools Blocking Millions of People from Filing Electronically?
  • SALT Cap Repeal Would Overwhelmingly Benefit High Income Households
  • Tax Expenditures Remain A Significant Share of The Economy

  • 2018 NEW TAX LAW UPDATE: Tax Cuts & Jobs Act (“TCJA”)

    The Tax Adviser Article for Individuals
    Qualified Business Deduction explained

    Tax Cuts Jobs Act Update_Dec_13_2018

    TCJA_2018_MFJ_Example

    TCJA_2018_Single_Example

    Tax Related Links & Resources:

    Internal Revenue Service
    Minnesota Department of Revenue
    The Simple Dollar: A good web site with Tax Calculations, Forms and Info
    Tax Almanac
    Tax Policy Center
    Tax News & Commentary
    Government Accountability Office
    Research Revenue Rulings & Cases
    What Factors Determine Minnesota Residency ? (.pdf
    Minnesota 529 College Savings Plan – Online Setup & Management

    Resource Documents & Files; Financial & Estate Planning:

    Gift Tax & Estate Tax Issues & Planning
    Rule of 72 (pdf)
    Time Value of Money for Retirement (.pdf)
    “Good Interest” & 30-year vs 15-Year Mortgages (.pdf)
    Family Limited Partnerships – An Overview (pdf)
    Deferred Tax – IRC Sec 1031 Exchange (pdf)
    Common Law Marriage Questions – Minnesota (.pdf)

    Marriage Planning: Tax & Economics (pdf)
    The “Stealth Tax” – The Alternative Minimum Tax (.pdf)
    Depreciation Tables & Asset Class Life (pdf)

    1031 Tax Deferred Exchanges – Benefits & Procedures

    Network Investments & Real Estate Services

    Tax vs Cash Consequences on the Sale of Depreciated Investment Property that is Highly Debt Leveraged (Short Sales & Foreclosure).

    Cash vs Tax Consequences (Sale of Duplex & High Debt) (pdf)
    Cash vs Tax Consequences – Worksheets (Cash Shortfalls & Foreclosure) (pdf)