Tax deduction

Last Minute Tax Saving Strategy for 2017

President Trump’s goal is to sign a new tax bill into law by Christmas 2017. It appears many changes to our current tax law are inevitable. Both the Senate and the House of Representatives plans will remove the state and local income tax deduction from federal itemized deduction

Stock Options and Alternative Minimum Tax (AMT)

Were you granted stock options? Stock options offer you the opportunity to purchase a certain number of shares at a pre-established price, which could be substantially below market value. There are two types of stock options, incentive stock options and Nonqualified Stock Options. Non