2018 ushered in a host of new individual tax provisions, courtesy of the Tax Cuts and Jobs Act. In particular, families will notice different tax treatment of the unearned income…
What New Substantiation and Reporting Rules Mean for Nonprofits, Donors
Nonprofits and their donors now face fewer administrative requirements around charitable contributions, thanks to new rules issued by the IRS in late July 2018. These final regulations provide guidance as…
The Everyday Investor’s Guide to Strategic Capital Gains Deployment
Sell high, buy low – this seemingly simple investing concept becomes a bit more complicated due to the taxability of capital gains realized in certain investment accounts or vehicles. In…
How Tax Reform Changes Treatment of Net Operating Losses for Nonprofits
Do your nonprofit’s deductions exceed unrelated business income in a given year? If so, you are eligible to take a net operating loss (NOL) in the exceeding amount. While this…
Business Owners Ask, RKL Answers: Can I Still Deduct Meals and Entertainment Expenses After Tax Reform?
Client dinners, corporate events and employee activities – these are all important business development and team-building tools, not to mention potentially deductible expenses for businesses. Deductions for business entertainment and…
