By Kenneth H. Bridges, CPA, PFS April 2021
On December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. Below is a summary of the highlights.
PPP-funded expenses are tax deductible – For most small to …
By Kenneth H. Bridges, CPA, PFS December 2020
Late November through year end is the time for year-end tax planning. While every client’s situation is unique, here are some of the more common strategies we employ.
Acceleration or deferral of …
By Kenneth H. Bridges, CPA, PFS December 2020
Prior to enactment of the Tax Cuts and Jobs Act (TCJA) in late 2017, the IRC 1031 like-kind exchange rules applied not only to real estate, but also to tangible personal property …
By Kenneth H. Bridges, CPA, PFS December 2020
As mentioned in some of my previous articles on the topic, Georgia is the epicenter of the syndicated conservation easements industry, which has been in the IRS’ crosshairs for quite some time. …
By Kenneth H. Bridges, CPA, PFS June 2020
In March, as much of the U.S. (and global) economy began to shut down, Congress went to work passing massive stimulus legislation to try keep the economy going. Federal legislation enacted from …
By Kenneth H. Bridges, CPA, PFS June 2020
As mentioned in some of my previous articles on the topic, Georgia is the epicenter of the syndicated conservation easements industry, which has been in the IRS’ crosshairs for quite some time. …
By Kenneth H. Bridges, CPA, PFS March 2020
“Syndicated conservation easements” have been the tax shelter du jour (especially amongst Georgia residents) for more than a decade now (in fact, we were first approached about these at least 18 years …
By Kenneth H. Bridges, CPA, PFS July 2019
Form 8283 (form for reporting noncash charitable donations) provides a space for the cost of the property you are donating to charity. Since your deduction is generally based on the property’s fair …
By Kenneth H. Bridges, CPA, PFS July 2019
The state income tax rate for individuals can range from 0% (e.g. Florida) to 13.3% (California), with most states (e.g. Georgia at 5.75%) somewhere in between. Accordingly, it should come as no …
By Kenneth H. Bridges, CPA, PFS & Jacquelyn J. Brown, CPA March 2019
So, you’ve decided to tie the knot; or, unfortunately, untie it. You may have questions about what that means from an income tax perspective. Here is a …