2019 Year End Estate Tax Planning

John (Rusty) Davis, CPA

As a result of the large estate tax exemption amount that was set in 2011 at $5 million (increased to $10 million for estates of decedent’s dying in 2018 through…

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2019 Year End Tax Planning for Market Investors

John (Rusty) Davis, CPA

The appropriate year-end planning strategy for an individual’s capital gains and losses will depend on a confluence of factors, including the amount of regular taxable income, the tax rate that…

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IRS Releases Draft Instructions for Simplified QBI Form

John (Rusty) Davis, CPA

The IRS has released draft instructions for Form 8995 (Qualified Business Income Deduction Simplified Computation). Individuals, estates, and trusts may use the form to calculate their Qualified Business Income (QBI)…

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IRS Release: Taxes-Security-Together

John (Rusty) Davis, CPA

A mandatory document to ensure security in tax preparation for document exchange and document storage.┬áIRS Release – Taxes-Security-Together