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TAX | CONSULTING | ACCOUNTING | BUSINESS​




Tax Reform


RVG Tax Reform – Individuals

Congress passed the Tax Cuts and Jobs Act on December 20, 2017, marking the most comprehensive overhaul of the tax code since 1986. The new law will go into effect on January 1, 2018, and contains major changes for individuals and businesses. This article is a summary of the key changes to individuals. All of the changes affecting individuals would expire after 2025. At that time, if no future Congress extend the provisions, the individual tax provisions would sunset, and the law would revert to its current state.


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Nathan VandenBerg, CPA, MTx
January 15, 2018




Tax Reform


RVG Tax Reform – Business

Congress passed the Tax Cuts and Jobs Act on December 20, 2017, marking the most comprehensive overhaul of the tax code since 1986. The new law will go into effect on January 1, 2018, and contains major changes for individuals and businesses. This article is a summary of the key changes to businesses. The changes affecting businesses are significant and are made permanent.


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Nathan VandenBerg, CPA, MTx
January 15, 2018




Tax Reform


Prepaid Real Property Taxes

Most of the new laws surrounding tax reform start on January 1, 2018. One important change in the new tax reform law is the $10,000 limitation to deduct state and local income taxes as an itemized deduction starting in 2018. The $10,000 limitation was not in place in prior years, this change will be significant to thousands if not millions of taxpayers.


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Nathan VandenBerg, CPA, MTx
January 3, 2018




Tax Reform


2017 Tax Reform: Last Minute Year-End Moves

Congress has enacted the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into effect next year, there’s still a narrow window of time before year-end to soften or avoid the impact of crackdowns and to best position yourself for the tax breaks that may be heading your way. Here’s a quick rundown of last-minute moves you should think about making.


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Nathan VandenBerg, CPA, MTx
January 3, 2018



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