Recent tax reform will impact businesses, large and small. This piece focuses on considerations regarding the impact of the change on business losses.
For Taxpayers Who Haven't Filed Their 2017 Income Tax Returns: Losses & the TCJA
How does the Tax Cuts and Jobs Act impact homeowners?
The Tax Cuts and Jobs Act (TCJA) will impact the affordability of owning a home or vacation property and using its equity as a means of obtaining lower cost financing for personal expenditures. This will be readily apparent to homeowners when they file their income tax returns for calendar years starting in 2018 in two specific ways.