June 2019
Tax Reform Impact – Home Equity Interest
The tax reform bill that takes effect in 2018 contains significant provisions that impact nearly all of our clients. One such provision is that affecting the deductibility of home equity loan interest (second mortgages). [...]
The 20% Pass-Through Deduction Simplified
The tax bill has finally cleared Congress. It contains significant changes that will affect our clients. Perhaps the most significant is a new 20% deduction for "pass-through income" from sole proprietorships, partnerships, and S [...]
Healthcare Open Enrollment Season Begins
Open enrollment for health insurance on www.healthcare.gov begins on November 1. For coverage beginning January 1, 2018, you must select a policy and pay the first month's premium by December 15. The 2018 penalty [...]
Charleston the Most Undervalued U.S. City?
Is Charleston the most undervalued U.S. city for housing costs? So says a new analysis from Smart Asset (www.smartasset.com). As quoted in today's Post and Courier, "We estimate, given the quality of life available [...]
Here Comes Tax Reform?
We're starting to receive some calls about the Trump tax plan and what it means for our clients. The short answer is, we don't know. It is highly unlikley that the bullet-point plan that [...]
FBAR Forms No Longer Due on June 30
Just an FYI for all the expats out there: the foreign bank account reporting "FBAR" (Form 114) is no longer due on June 30 as in past years. It is now due on the [...]