Tax Planning

Webinar: Tax Reform and Its Impact on Individuals

Yeo & Yeo CPAs & Business Consultants

Tuesday, June 12, 201811:30 AM - 12:30 PM EST Webinar has passed, visit our Events page for future Tax Reform webinars.  View a recording of the webinar The "Tax Cuts & Jobs Act" (TCJA), the first major tax code overhaul in over 30 years, made sweeping changes to the tax code that impact nearly every American. The new law favorab... Learn More

The TCJA Changes Some Rules for Deducting Pass-through Business Losses

Yeo & Yeo CPAs & Business Consultants

It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole proprietors, partners, S corporation shareholders and, typically, limited liability company (LLC) members can c... Learn More

Saving Tax on Restricted Stock Awards with the Sec. 83(b) Election

Yeo & Yeo CPAs & Business Consultants

Today many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax consequences of such compensation can be complex — subject to ordinary-income, capital gains, employment and other taxes. But if you receive restricted stock awards, you might have a tax-saving oppor... Learn More

The TCJA Changes Some Rules for Deducting Pass-through Business Losses

Yeo & Yeo CPAs & Business Consultants

It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole proprietors, partners, S corporation shareholders and, typically, limited liability company (LLC) members can c... Learn More

Be Aware of the Tax Consequences Before Selling Your Home

Yeo & Yeo CPAs & Business Consultants

In many parts of the country, summer is peak season for selling a home. If you’re planning to put your home on the market soon, you’re probably thinking about things like how quickly it will sell and how much you’ll get for it. But don’t neglect to consider the tax consequences. Home sale gain exclusion The U.S. House of Represe... Learn More

Changes Coming for Alimony Tax Deduction

David Jewell

Historically, if an individual paid alimony or separate maintenance to their former spouse, they could deduct on their federal individual income tax return an amount equal to the alimony or separate maintenance payments paid during the year as an “above-the-line” deduction. This kind of deduction allows a taxpayer to directly reduce his ... Learn More

Agricultural Cooperative Taxation – Changes Level the Field

Alex Wilson

By now, most taxpayers are aware of the sweeping changes made with the Tax Cuts and Jobs Act (TCJA) late last year. Within the law were some drastic changes in the way that the income of farmers – especially those who are members of cooperatives – are taxed. When the law first took effect, there appeared to be an unintentional “grain gli... Learn More

Do You Need to Adjust Your Withholding?

Yeo & Yeo CPAs & Business Consultants

If you received a large refund after filing your 2017 income tax return, you’re probably enjoying the influx of cash. But a large refund isn’t all positive. It also means you were essentially giving the government an interest-free loan. That’s why a large refund for the previous tax year would usually indicate that you should consider re... Learn More

Get Started on 2018 Tax Planning Now!

Yeo & Yeo CPAs & Business Consultants

With the April 17 individual income tax filing deadline behind you (or with your 2017 tax return on the back burner if you filed for an extension), you may be hoping to not think about taxes for the next several months. But for maximum tax savings, now is the time to start tax planning for 2018. It’s especially critical to get an early s... Learn More