Harry W. Laughlin III (Wis)
Wis is a 2017 tax Super Lawyer. He is a former IRS tax attorney. For more than 35 years, he has ranked AV Preeminent See more in About Me.
Author Archives: Wis Laughlin
JOINT STATUS If taxable income is: The tax is: Not Over $19,050 10% of the taxable income Over $19,050 but not over $77,400 $1,905 plus 12% of the excess over $19,050. Over $77,400 but not over $165,000 $8,907 plus 22% … Continue reading
Tax Reform lowers the corporate tax rate to a flat 21% and repeals the corporate AMT. Most small to medium corporations are permitted to use the cash method of accounting. Taxpayers with domestic income from pass-throughs, partnerships, S corporations, or sole … Continue reading
Tax Reform — the Tax Cuts and Jobs Act (the Act), is effective in 2018 with a few exceptions. In this article, Wis explains some key provisions and makes a few suggestions to save taxes this year and next year. … Continue reading
First Tax Reform and then we will get into some things you must do to help you this time of year. Tax Reform keeps the 3.8% tax on investment income for higher-income taxpayers. See my Tax Summary. Tax Reform likewise … Continue reading
WANT IT EASY AND EFFECTIVE? Let’s talk about Tax Reform and then talk about what you need to do the rest of this year. Tax Reform proposes to END the federal estate tax. Finally, estate planners can concentrate on family … Continue reading
MORE THAN JUST TAX SOLUTIONS Again, let’s discuss Tax Reform and then I will tell you ways to help your business the rest of this year. As a former corporate counsel and former IRS attorney, I can be your one-stop … Continue reading
Let’s talk a little about Tax Reform and then get into some things you should do this time of year. Tax Reform should overall benefit individuals with lower tax rates and higher standard deductions although specifics are uncertain. It looks … Continue reading
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EASY AND EFFECTIVE TAX TIPS Avoid gain on older stocks. One of my new clients, Serena Stockholder, is a Federal Express employee and loves to buy Federal Express stock. As a result, she has stock that has been purchased over … Continue reading