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 5/5 on Martindale.com. See more in About Me.
Category Archives: What’s New?
A 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
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
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
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
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
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