Tax Law

Are Peanuts and Crackerjacks at the Ballpark Still Deductible for a Business?

The Tax Cuts and Jobs Act of 2017 (“TCJA”) lowered tax rates for businesses.  However, certain business deductions of the past were eliminated as well.  This article will address entertainment expenses and business meals under TCJA.

Alternative Ways for Charitable Giving After the Tax Cuts and Jobs Act of 2017

On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA) into law.  Most of the changes went into effect on January 1, 2018, and do not impact 2017 taxes.

Tax Deed Sale or Tax Deed Fail?

Q: I’d like to purchase property at an upcoming Tax Deed sale. What do I need to do, and what should I be aware of?

Moving your Trust to Florida

You finally did it. You worked hard, put the kids through college, saved enough money, and now your movers are packing up a moving truck destined for the warm Florida climate.

Homestead: More than Just a Property Tax Exemption

Most people know that there is a tax break available to them on their home (house, condominium, co-ops apartments, and some mobile home lots also qualify). The way it works is that a tax exemption can be applied for at the local property appraiser’s office on a person’s home if the person owns and lives in the home that they are trying to obtain the exemption on by January 1 of the year they are trying to claim the exemption.

Collecting Taxes on Collectibles

Do you have a collection that you wish to sell? If so, the IRS may determine that your collection is composed of “collectibles” and apply a 28% capital gains tax rate to any gain you may acquire from the sale of your collection. Generally, for most taxpayers, the capital gains tax rate is 15%.

Federal Historic Tax Credit

Q: What are the general requirements for the Federal Historic Tax Credit?

REEP Credit

Q: Planning ahead for my 2016 taxes, can I get tax credits or deductions for installing energy efficient products in my home?

Federal Tax Liens

Q: The IRS has filed a tax lien against me, and I would like to sell my home. What should I do?

Making Sure Your Donations Are Deductible

Q: During the Christmas season I donate money and toys to various organizations. Are these donations tax deductible?

Greening May Not Cost You So Much Green

Q: Greening has decimated my small orange grove. How can I remove the trees but still retain the grove’s agricultural designation for property tax purposes?