We are still waiting for the House and Senate to reconcile the differences between their two tax reform bills. It is possible that it won’t happen until right before Christmas so I am going to discuss some of the possible changes before then. The Senate bill has seven tax brackets for individuals with rates ranging from 10% to 38.5%. The House bill has four tax brackets ranging from 12% to 39.6%, retaining the top rate under current law. The House bill would repeal AMT for i

We have an important tax law update for you. In this special edition of Tax Tip Tuesday, we will address the tax package that the Senate passed last night. The president is expected to sign this legislation. In the recently enacted “Tax Increase Prevention Act of 2014” Congress has once again extended a package of expired or expiring individual, business, and energy provisions known as “extenders.” The extenders are a varied assortment of more than 50 individual and business