This is the third in a series of posts aimed at analyzing the new tax laws that go into effect on January 1, 2018. There will still undoubtedly be numerous clarifications and corrections coming out over time as the IRS issues Regulations and Technical Corrections, so this is just a preliminary understanding. In this post,…
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How the New Tax Plan Impacts Businesses (Corporate Tax Rates, Depreciation, Expenses, Exchanges)
This is the second in a series of posts aimed at analyzing the new tax laws that go into effect on January 1, 2018. There will still undoubtedly be numerous clarifications and corrections coming out over time as the IRS issues Regulations and Technical Corrections, so this is just a preliminary understanding. This one we’ll…
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How the New Tax Plan Impacts Individuals (Tax Brackets, Deductions, Exemptions)
This is the first in a series of posts aimed at analyzing the new tax laws that go into effect on January 1, 2018. There will still undoubtedly be numerous clarifications and corrections coming out over time as the IRS issues Regulations and Technical Corrections, so this is just a preliminary understanding. Let’s start by…
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Prepayment of Property Taxes
With the new tax bill that has recently been passed, there is much discussion in the news about prepaying property taxes. Unfortunately, there are mixed comments on this topic. Minnesota property tax assessments are not considered due until Property Tax Statement reporting is completed in March of each. Therefore, it is the opinion of many…
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