Author Archives: Wis Laughlin

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About Wis Laughlin

I help business owners with transactions, tax preparation, planning and IRS representation, and estate planning. As a former IRS tax attorney in their National Office. Super Lawyers picked Wis in 2017-present. I am your advocate, not your accountant. I don't tell you what you can't do. I show you how to do it.

MIND YOUR BUSINESS: May 2018

A reminder. As a former in-house counsel for an international software company, I can advise you on business transactions! In fact, I am working on two business sales even as we speak. TAX REFORM. Much of what I said about … Continue reading

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Real Estate, Investments 2018_1

TAX REFORM. Rental properties continue to have tax advantages after Tax Reform. For example, State and local taxes for businesses and rental properties remain deductible after tax reform. Likewise, properties held for more than twelve months qualify for lower capital … Continue reading

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Real Estate, Investments May 2018

TAX REFORM Individual landlords and partners owning real estate should qualify for the new 20% deduction from Qualified Business Income. See the business article above. In the future I hope to have some examples for readers. Meanwhile Installment Sales and … Continue reading

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Mind Your Business WW2018_5

Full service: reminder. As a former in-house counsel, I can advise you on business transactions! In fact I am working on two business sales even as we speak. TAX REFORM. Much of what I said about withholding above applies as well … Continue reading

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INDIVIDUAL TAX PLANNING May 2018

Tax Reform – Trick or Treat Tax Reform is going to help most of my clients, but it is also going to have unexpected consequences for most everybody. To make taxes “easy and effective” for my clients I included a … Continue reading

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ESTATE PLANNING WW 2018_5

WHAT DID TAX REFORM DO TO YOU? Tax Reform increased the estate and gift tax exemption for individuals to $5.6 million (up from $5.49 million). So a married couple can shelter $11.2 million between them. This means 99% of my … Continue reading

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How does Tax Reform affect you in 2018?

a short summary of the 2018 tax law after Tax Reform Continue reading

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Tax Reform Business: January 2017

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

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Tax Reform Individuals 2017_12

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

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REAL ESTATE, INVESTMENTS WW2017_11

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

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