News

After 11th-hour tax reforms, advisors worked to calm clients

Source: cnbc.com - Feb 21, 2018

The $1.5 trillion tax bill, signed into law with only eight days left in 2017, sent many taxpayers into a panic to optimize their 2018 tax liabilities as quickly as possible. Financial advisors had... Read more >

Category: General Business

Here's what can happen if you don't pay taxes on bitcoin

Source: cnbc.com - Feb 21, 2018

In 2017, bitcoin went from trading at below $1,000 early in the year to a peak of over $19,000 in December, while other virtual currencies also enjoyed gains. For anyone who ignored the common... Read more >

Category: General Business

2017 Tax Season Refund Frequently Asked Questions

Source: irs.gov - Feb 21, 2018

How quickly will I get my refund? We issue most refunds in less than 21 calendar days. I’m counting on my refund for something important. Can I expect to receive it in 21 days? Many different... Read more >

Category: General Business

What the difference between a pension and a 401K?

Source: shreveporttimes.com - Feb 9, 2018

Question: What is the difference between a pension and a 401K plan? I know they both have to do with retirement, but are they the same thing? Answer: They are not. In some ways, retirement... Read more >

Category: General Business

Eat NOLA Noir: Black-owned restaurants invite everyone to the table

Source: nola.com - Feb 9, 2018

Eat NOLA Noir, a 12-day celebration of black-owned restaurants and their contributions to New Orleans culinary scene, kicks off Monday (Feb. 12). New Orleans is just the latest in a string of... Read more >

Category: General Business

These taxpayers may end up owing the IRS more in 2019

Source: cnbc.com - Feb 9, 2018

Enjoy that bump in pay thanks to the new tax law, because some earners may find themselves on the hook for more taxes in 2019. In January, the Treasury Department released its income tax... Read more >

Category: General Business

Senator Kennedy to govt: Stop paying dead people.

Source: brproud.com - Feb 7, 2018

U.S. Senator John Kennedy wants the federal government to stop paying dead people. Those are his exact words when he describes a bill he recently co-authored with other lawmakers. He calls it a... Read more >

Category: General Business

These are the most important tax forms and documents you need for filing

Source: usatoday.com - Feb 7, 2018

Whether you hire a professional or do it yourself, you need certain information and documentation to file your tax return. Here’s a list of items taxpayers commonly need to complete the job.... Read more >

Category: General Business

The GOP tax bill lets you take this break even on 2017 taxes

Source: cnbc.com - Feb 7, 2018

If your total out-of-pocket medical expenses in 2017 exceeded 7.5 percent of your adjusted gross income, the amount you paid above that threshold could be deductible. You must itemize your... Read more >

Category: General Business

Unusual Tax Breaks, Tax Deductions, and Tax Exemptions

Source: efile.com - Feb 6, 2018

The United States tax code allows for many unusual but legitimate tax deductions, tax credits, and exemptions. Here is a sampling of some of the more noteworthy unusual tax breaks that have been... Read more >

Category: General Business

US economy fundamentally strong despite stock market plunge

Source: abcnews.go.com - Feb 6, 2018

A wave of fear about inflation and higher interest rates has sent stock prices tumbling and raised concerns about corporate profits. On Monday, a plunge of over 1,100 points in the Dow Jones... Read more >

Category: General Business

Are Trump's tax cuts backfiring on Wall Street?

Source: money.cnn.com - Feb 6, 2018

Be careful what you wish for. Wall Street partied hard while President Trump pushed for huge business tax cuts that the economy didn't really need. Tax cut euphoria carried the Dow a breathtaking... Read more >

Category: General Business

Developer Calls ‘Action’ On New Film Studio

Source: myneworleans.com - Feb 5, 2018

In its long-running competition with other states to attract new business and high-quality employment, Louisiana has used many types of job “bait.” Louisiana taxpayers have invested hundreds of... Read more >

Category: General Business

Luxury taxes loom large for Cavaliers, LeBron James ahead of NBA trade deadline

Source: cleveland.com - Feb 5, 2018

CLEVELAND, Ohio -- When LeBron James and Dan Gilbert met in the summer of 2014 to discuss James' return to the Cavaliers, the luxury tax was a topic of discussion. Would Gilbert be willing to pay... Read more >

Category: General Business

If you prepaid property taxes to beat the Trump tax law, here's 3 things you need to know

Source: northjersey.com - Feb 5, 2018

Thousands of New Jersey homeowners rushed in December to prepay 2018 property taxes before 2017 ended, hoping to outsmart a new $10,000 cap on the federal deduction that was a controversial piece... Read more >

Category: General Business