GOP-Controlled House Passes Second Phase of Tax Reform Bill
On September 28, The Washington Post reported that House Republicans were able to pass the second phase of tax reform that would include making individual tax cuts from last year’s bill permanent and extending deductions for certain business owners. Under the bill, the rate reductions for individuals and the doubling of the child tax…
Does Your Appraiser Know How Much Your Charitable Contribution Is Worth?
After ten years, the Internal Revenue Service (IRS) has finalized its regulations regarding reporting cash and other charitable contributions made by individuals, partnerships or corporations. Wealth Management reported that the changes made to the proposed regulations before they were finalized were minor, but nevertheless are worth paying attention to.