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Showing content with the highest reputation on 12/26/2017 in all areas

  1. How do you know if an introvert likes you? When he talks with you he looks at your shoes instead of his own.
    8 points
  2. Merry Christmas holidays are awfully hard on an introvert. I am so tired.
    7 points
  3. This is a no brainer for NY. I also will sign an executive order Next December and allow all my clients to prepay their tax services between December 5th, 2018 until December 20th, 2018 so I have money for a nice Christmas.
    6 points
  4. Since we've had a few topics posted already with questions, and several that included where information or analysis can be found, I thought it might be a good idea to make one post with links to the law and those additional sources. Here's a link to the final enrolled bill on the Library of Congress website: https://www.congress.gov/bill/115th-congress/house-bill/1/text Today's KPMG News Flash email included extensive first observations of the new law, 167 pages worth. Thank you, @Abby Normalfor suggesting this as a news source. That document is here and is a searchable pdf: https://home.kpmg.com/content/dam/kpmg/us/pdf/2017/12/tnf-new-tax-law-dec22-2017.pdf There's this this nice summary from CCH of the highlights: https://www.cchgroup.com/media/wk/taa/pdfs/news-and-insights/federal-tax-legislation/house-gop-tax-cuts-job-act.pdf Please feel free to add any others you've found that may be useful and accessible to our members.
    2 points
  5. Very cute - but the actual answer is that after a time of being "On" (attentive, personable, interactive) an introvert needs time alone and quiet to recover - quite possibly including a nap. It can be as exhausting as suddenly doubling or tripling your usual level of physical activity.
    2 points
  6. Funny, one of the planning tips I have read about recently was to have your clients prepay their 2017 tax year preparation fees, since misc itemized deductions will be no more.
    2 points
  7. Merry Christmas everyone.
    2 points
  8. Merry Christmas, Happy Holidays everyone! You're all invited to my house, I bought too much food....again. Allie is not too happy getting dressed up.
    2 points
  9. This article gives some examples of how to figure the 20% deduction for pass-throughs. https://www.forbes.com/sites/kellyphillipserb/2017/12/22/what-tax-reform-means-for-small-businesses-pass-through-entities/#319a9e266de3
    2 points
  10. If you have AnswerConnect, their analysis is here. And, you're welcome for the KPMG source!
    2 points
  11. regarding the application of this to certain personal services.. the reply was truncated... correct me if i am wrong but i think The deduction would also be disallowed for specified service trades or businesses with income above a threshold. if accounting/tax practice grosses 250,000 this cut should but ok right?
    1 point
  12. The NATP summary lists 'the most notable changes taking effect after December 31, 2017' so I interpret that as tax year 2018. " Pass-through Businesses Non-corporate taxpayers, including trusts or estate. who have domestic qualified business income (QBI) from a partnership, S corporation, or sole proprietorship are allowed to deduct 20% of business-related income, subject to certain wage limits and exceptions. The remaining income is subject to normal individual rates. The 20% deduction in not allowed in computing adjusted gross income (AGI), but rather is allowed as a deduction reducing taxable income. It does not reduce income subject to SE tax. The deduction is also not allowed for businesses offering certain personal services........" Does this answer your question?
    1 point
  13. Doesn't the HSA have to be integrated with a high deductible health insurance plan ?
    1 point
  14. Enjoy all your holidays and the best of health, happiness and prosperity in the coming year!
    1 point
  15. ......................................................... ....Joy and a Happy Holiday season to all....
    1 point
  16. Merry Christmas to each of you and yours! God bless us everyone!
    1 point
  17. Merry Christmas! This community is such a gift - thank you all!
    1 point
  18. Merry Christmas and safe travels to those that will be away over the holidays!
    1 point
  19. Merry Christmas to everyone. Same sentiments here, Catherine.
    1 point
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