Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs.  Please contact us if you have questions about any of the issues discussed.

Previous Issue


The Tax Cuts and Jobs Act (TCJA) made a significant impact on the deductibility of various types of interest expense for individuals. One area affected is qualified residence interest. This article reviews the TCJA’s effect on this type of interest. A sidebar looks at the law’s impact on investment interest.

Incentive stock options are a popular form of compensation for executives and other key employees. They’re a nice perk, but careful tax planning is required because of the complex rules that apply. This article discusses their advantages and offers some tips on managing the tax impact on the 2019 tax year, as well as in the future.

“Beware the Ides of March.” Shakespeare’s words don’t apply just to Julius Caesar; they also apply to owners of pass-through entities such as calendar-year partnerships and certain S corporations and limited liability companies. Why? Because the Ides, March 15, is the federal income tax filing deadline for such entities. This article explains the details.

A good family budget should be simple yet comprehensive. As this brief article explains, this objective can be accomplished by addressing both the near term (such as day-to-day items) and the long term (such as college educations and retirement).

Important Information: The information contained in this newsletter was not intended or written to be used and cannot be used for the purpose of (1) avoiding tax—related penalties prescribed by the Internal Revenue Code or (2) promoting or marketing any tax—related matter addressed herein.

The Tax and Business Alert is designed to provide accurate information regarding the subject matter covered. However, before completing any significant transactions based on the information contained herein, please contact us for advice on how the information applies in your specific situation. Tax and Business Alert is a trademark used herein under license. © Copyright 2020.