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Latest Tax Alerts

Check out the latest tax alert section of our website, full of links and articles for professional and personal tax news. Read More

Client News

Aidia Studio and McKenzie Turn a Bus Into a Mobile Meditation Studio
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FAQ: Does tax return identity theft spike at the start of the filing season?

Yes. Identity theft is a growing problem and the start of the return filing season ... Read More

IRS launches 2018 filing season

The 2018 filing season for 2017 tax-year returns officially launched on January 27. ... Read More

IRS instructs employers to use new withholding tables

Much-anticipated withholding tables for 2018 have been posted by the IRS. ... Read More

President signs bill delaying three ACA taxes

President Trump signed legislation on January 22 to delay the medical ... Read More

February 2018 tax compliance calendar

As an individual or business ...
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How do I? Calculate bonus depreciation under the new tax law?


Donald Sager, CPA The Tax Cuts and Jobs Act increases bonus depreciation rate to 100 percent for property acquired and placed in service after September 27, 2017, and before January 1, 2023. The rate phases down thereafter. Used property, films, television shows, and theatrical productions are eligible for bonus depreciation. Property used by rate-regulated utilities, and property of certain motor vehicle, boat, and farm machinery retail and lease businesses that use floor financing indebtedness, are excluded from bonus depreciation.

Timing Details

The 50-percent bonus depreciation rate applicable before the new law took effect has been increased to 100 percent for qualified property acquired and placed in ... Read More

FAQ: Did the new law change capital gains taxation?


Lisa Varela The Tax Cuts and Jobs Act did not directly change the tax rate on capital gains: they remain at 0, 10, 15 and 20 percent, respectively (with the 25- and 28-percent rates also reserved for the same special situations). However, changes within the new law impact both when the favorable rates are applied and the level to which to may be enjoyed.

Capital gains rates

The maximum rates on net capital gain and qualified dividends are generally retained after 2017 and are 0 percent, 15 percent, and 20 percent. The breakpoints between the zero- and 15-percent rates ... Read More


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