While the actual tax code relating to the new tax reform bill is still be written there are some key takeaways most Californians need to understand about tax reform and specific deductions going forward. In a nutshell, be prepared to have less deductions and therefore ultimately pay a larger amount to...
Taxation of Pass Through Income Versus Salaried Earnings
There is a lot of confusion surrounding the taxation of pass through income versus salaried earnings as US taxpayers assess their positions after tax reform. This is far from "finished" and a wild roller-coaster ride is about to ensue for many US taxpayers. How will you know what to do? ...