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 …
By Kenneth H. Bridges, CPA, PFS March 2019
Syndicated conservation easements have long been in the crosshairs of the IRS for examination and challenge. That scrutiny appears to be increasing, and now the US Department of Justice and Congress have …
By Kenneth H. Bridges, CPA, PFS December 2018
Included in The Tax Cuts and Jobs Act legislation enacted in late 2017 was new Internal Revenue Code Section 1400Z-2, “Special Rules for Capital Gains Invested in Opportunity Zones”. These new rules, …
By Kenneth H. Bridges, CPA, PFS August 2018
Included in the December 2017 tax legislation (The Tax Cuts and Jobs Act or “TCJA”) was a new deduction for owners of pass-thru entities and sole proprietorships, the 20% “qualified business …
By Kenneth H. Bridges, CPA, PFS August 2018
Georgia, like most states, offers a bounty of credits against its income tax; some of which fall into the almost too good to be true category. Some (e.g. the jobs credit, research …
By Kenneth H. Bridges, CPA, PFS May 2018
Being a tax geek, as I watched the NFL Draft recently, I couldn’t help but think how those players selected by Florida-based teams (e.g. Minkah Fitzpatrick, selected by the Miami Dolphins) or …
By Kenneth H. Bridges, CPA, PFS December 2017
The Tax Cuts and Jobs Act (TCJA)1 was passed by the House and Senate on December 20 and signed into law by the President on December 22.
The actual text of …