The short answer is, there are NO checks!!! A lot of people have been asking about their $2,000 rebate checks. It 's become reminiscent of the psychotic paper boy from the 1985 movie,"Better Off Dead"who goes to great lengths to collect his $2 fee. (Look up the clip if you haven't seen it, it's hilarious!) Here's where the myth originated and where it currently stands : Back in July, President Trump announced on social media that “We have taken in, and will soon be rec

In 2010 President Obama signed the Affordable Care Act (ACA) often referred to as “Obamacare”. The intent was to extend the benefits of health insurance to a larger population but in practice it has created a system with extensive pitfalls. In fact, putting the word "affordable" in the name is a bit of a misnomer. Calling to mind Inigo Montoya's famous phrase from the 1987 film, "The Princess Bride": The new law required insurance companies to extend the same benefits

It’s impossible to discuss taxes right now without talking about the "Big Bill" signed into law on the 4 th of July! There were many revisions along the way which have led to a lot of questions and misinformation. When asked how I feel about the bill, I tell people that I’m 50/50. Here is my opinion along with a summary of what you need to know and how it will impact you! Permanent Tax Changes (Most of which we like) Those of us in the practitioner community generally a

UPDATE (Mar 3, 2025) In yet another reversal the Treasury has announced that "it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect." This is in response to the president's request to reign in burdensome regulation. The guidelines have yet to be released but we anticipate that only companies with foreign interests or shareholders will be required to fi

One of the casualties of the 2018 Tax Cuts and Jobs Act was the $10k limit imposed on deductible state and local tax (SALT). Prior to...