November 2018 Client Bulletin

Our November client bulletin takes a look at tax planning for individuals and businesses under the new tax law, with a close look at changes to individual deductions.

Accounting for T&E Under the New Tax Rules

The new tax law has made many changes to the rules we’ve come to know and love, and while the implementation of many of the new rules are still being ironed out, there is something that you can do today to help set up your bookkeeping for the new tax code.

IRS Gives Way on Per Taxpayer Mortgage Deduction

The IRS has announced its acquiescence with regards to the mortgage interest deduction. The Ninth Circuit Court of Appeals, reversing the Tax Court, found that when multiple unmarried taxpayers co-own a qualifying residence, the debt limit provisions apply per taxpayer and not per residence.