Monthly Archives: January 2020

Congress Reinstates Expired Tax Provisions Congress let many tax provisions expire on December 31, 2017, making them dead for your already-filed 2018 tax returns. In what has become a much too common practice, Congress resurrected the dead provisions retroactively to January 1, 2018. That’s good news. The bad news is that if you have any of these deductions, you have to amend your tax returns to make this work for you. And you can relax when filing your 2019 and … Continue reading

Congress actually accomplished some important but lesser-known work beyond the SECURE Act it just passed on 12/20/2019 and Trump signed it into law a few days later. For example, as part of the year-end spending law to keep the government funded, Congress has retroactively revived through 2020 more than two dozen temporary tax breaks that had expired after 2017 with the new TRUMP tax laws (TCJA) effective 2018. Among those laws CONGRESS bought back to life: * Letting debtors treat … Continue reading

Every year millions of Americans make a New Year’s Resolution to finally get their estate planning done or updated to reflect current circumstances (live in a new state, the new SECURE Act provisions or perhaps need a multitude of possible adjustments). But sadly, each year most of these well-needed and very important resolutions never get completed. But EVERYONE already has an estate plan – EITHER the one you proactively had done with your personal wishes… OR the one your State … Continue reading