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UPDATES&INSIGHTS: TAX – March 2018

UPDATES&INSIGHTS:TAX is a HoganTaylor Tax practice publication designed to help you keep up with the latest tax issues impacting your organization.

In this issue, you will learn how the Tax Cuts and Jobs Act (TCJA) impacts personal exemptions, the standard deduction, dynasty trusts and bonus depreciation. In addition, an article on W-2 phishing will teach you how the crime works and what you can do to stop it.

In This Issue:

Dynasty Trusts Are More Valuable Than Ever

The Tax Cuts and Jobs Act, signed into law this past December, has brought great changes to estate planning. In doing so, it bolstered the potential value of dynasty trusts. This article explains why these trusts are well worth considering for tax purposes, while a sidebar looks at valid nontax reasons for establishing one. Read More

The Changing Face of Personal Exemptions and the Standard Deduction

Business owners who go shopping for company assets this year should brush up on the enhanced bonus depreciation tax breaks created under the Tax Cuts and Jobs Act (TCJA) passed late last year. Read More

Business Owners: Brush Up on Bonus Depreciation

Changes lie ahead for two fundamental elements of individual tax planning: personal exemptions and the standard deduction. This brief article clarifies key amounts for both the 2017 tax year and for 2018 through 2025. Read More

Heed the Warning Signs of W-2 Phishing Scams

A growing number of businesses have been victimized by W-2 phishing scams by which criminals trick business owners or employees into divulging sensitive personal data. This article explains how the crime works and what employers can do to stop it. Read More