What’s new with the child tax credit after tax reform

Many people claim the child tax credit to help offset the cost of raising children. Tax reform legislation enacted last year made changes to that credit. Here are some important things for taxpayers to know about the changes to the…

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Posted: 11/28/2018

Republicans attempt to push more tax changes before Democrats take over House

Kevin Brady (R), Chairman of the House Ways and Means Committee is trying to push more tax law changes through before the Democrats take over in January. Details to come.

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Posted: 11/27/2018

Get Ready for Taxes

Tax reform changes likely to reduce number of taxpayers who itemize on their federal returns, but Alabama residents will still itemize on their state returns to save hundreds or thousands of dollars! The Internal Revenue Service today advised taxpayers that…

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Posted: 11/21/2018

Like-Kind Exchanges now limited to Real Property

The Tax Cuts and Jobs Act, passed in December 2017, made tax law changes that will affect virtually every business and individual in 2018 and the years ahead. One change, is that like-kind exchange tax treatment is now generally limited to…

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Posted: 11/20/2018