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Interest Expense

Interest Expense  One aspect of the new tax law that has not received enough attention is the limitation of interest expense. It appears that this may affect a more robust number of businesses than originally estimated. The new Internal Revenue Code section 163(j)...

Pass Through Entity

Pass Through Entity  A few years ago, the IRS audit regulations relating to partnerships were changed. The changes resulted in a more centralized partnership audit methodology and are effective for tax years beginning after December 31, 2017. The new audit methodology...

Improve your Financial Health

Improve your Financial Health  Here are some suggestions of actions you can take now to improve your financial health and reduce finance related stress in 2019: To prepare to file your 2018 income tax returns: • Put a folder or large envelope near where you open your...