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About Us

Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem.

TBauer

/Tom Bauer

About Tom Bauer

This author Tom Bauer has created 5 entries.

What the tax reform bill means for individuals

The Tax Cuts and Jobs Act, H.R. 1, agreed to by a congressional conference committee on Friday and expected to be voted on by both houses of Congress during the week of Dec. 18, contains a large number of provisions that would affect individual taxpayers. However, to keep the cost of the bill within Senate budget rules, all of the changes affecting individuals would expire after 2025. At that time, if no future Congress acts to extend H.R. 1’s provision,

Divorce and Taxes

Divorce and Taxes Divorce changes many things. If you’re considering getting a divorce, don’t forget to consider your following year’s taxes. Usually, legal fees involved in a divorce aren’t a deductible item unless the fee was for tax advice. For divorce-related tax questions, contact me before the divorce decree becomes final to ensure you understand the tax consequences of your agreement. Divorced or Separated: Who Claims the

New Capital Gains Rules

The newly enacted tax law is a boon for investors. Specifically, the law reduces your tax on long term capital gains and qualified dividends. In addition, you now have lower federal tax rates on your regular income such as salary and interest income. The new law reduces the maximum tax on long term (LT) capital gains to 15%, down from 20%. This new rate applies to sales occurring on or after