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TCJA Tax Strategies 2: Capital Gains – accessing the 0% and 15% capital gain rates and tax planning for capital transactions.
- Dec 02, 2019
- By Dukhon Tax
- In Capital Gains, Impact on Taxes, Tax Advice, Tax Advisor
Often clients inquire with our office with questions like “What is my capital gains rate?” or “How much will I be taxed on a sale of <insert asset here> in 2019?” While it is important to understand the amount of tax to be paid on any given transaction, it is even more important to understand the new opportunities afforded to…
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2019 Year-End Tax Planning
- Nov 13, 2019
- By Dukhon Tax
- In Business Taxes, Impact on Taxes, Income Tax, Tax Advice, Tax Advisor, Tax Deductions, Tax Planning, Tax Tips
As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Year-end planning for 2019 takes place against the backdrop of the landmark Tax Cuts and Jobs Act (TCJA) changes that many individuals and businesses still haven’t fully absorbed. For…
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Tax Cuts and Jobs Act: Key provisions affecting businesses
- Dec 27, 2017
- By Dukhon Tax
- In Business Taxes, Impact on Taxes, In the Media, Tax Advice, Tax Advisor, Tax Deductions, Tax Planning, Tax Reform, Tax Tips
The recently passed tax reform bill, commonly referred to as the “Tax Cuts and Jobs Act” (TCJA), is the most expansive federal tax legislation since 1986. It includes a multitude of provisions that will have a major impact on businesses. Here’s a look at some of the most significant changes. They generally apply to tax years beginning after December 31,…
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2017 Year-End Tax Reform and Tax Planning News
- Dec 06, 2017
- By Dukhon Tax
- In Impact on Taxes, Tax Planning, Tax Reform, Tax Tips
Tax Reform Latest News “On December 2, the Senate, by a vote of 51 to 49, passed its version of the “Tax Cuts and Jobs Act” (the Act). The Act would drastically overhaul the U.S. tax system, including changes to individual tax rates, doubling the standard deduction, and suspending many deductions including personal exemptions. The Act would also eliminate one…
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Tax Implications of Moving
- Oct 01, 2016
- By Dukhon Tax
- In Impact on Taxes, Tax Advice
People move for various reasons: to be close to loved ones, amenities and nightlife, to pursue lower living costs, or just because you always wanted to live in a certain place. Proximity to work is the most common reason for moving, and you may be eligible for tax incentives if you just got that offer for a dream job hundreds…
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Brexit’s Impact on US Taxes
- Jul 31, 2016
- By Dukhon Tax
- In Business Taxes, Impact on Taxes
The United Kingdom’s vote to leave the European Union (EU) is going to have a lot of impact on international trade, not to mention the American economy and tax policy. Americans with UK-sourced income and businesses looking to enter the UK market should take heed of the impending changes and how they will affect their tax liabilities. Here’s an overview…
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Life Milestones and Their Effect on Your Taxes
- Oct 30, 2015
- By Dukhon Tax
- In Impact on Taxes, Tax Advice, Tax Tips
The breadth of our life experiences and changes that occur as we mature always have wider tax implications. The major milestones of our lives bring both tax benefits and liabilities. Almost every milestone we reach, whether it includes the excitement of change or the sadness of loss, directly or indirectly affects our status as a taxpayer. For example: Getting married…