News & Events

/News & Events

Alabama adds state incentives to the federal Opportunity Zone plan

By |2019-06-11T15:18:02+00:00June 11th, 2019|Corporate & Partnership Tax, Individual Tax, News & Events, Press Releases|

As you are probably aware if you read this blog consistently, we think Opportunity Zones have great potential for taxpayers/investors.  In fact, since last fall, many of the uncertainties around Opportunity Zones have been cleared up through IRS regulations.  Most people are not expecting any more official IRS guidance release so the rules of [...]

Overview of Charitable Remainder Trusts

By |2019-05-14T16:26:26+00:00May 14th, 2019|Estate & Trust, News & Events|

The charitable remainder trust (CRT), which has been a valuable estate planning tool for decades, has not been forgotten. Currently, the usual 15% tax rate on long-term capital gains is increased to 20% for upper-income investors, while a 3.8% surtax may also apply to a portion of your investment income. Thus, CRTs remain a popular [...]

IRS Explains 199A Rules for Real Estate

By |2019-04-16T19:28:49+00:00April 18th, 2019|Individual Tax, News & Events|

The massive tax legislation signed over a year ago, the Tax Cuts and Jobs Act (TCJA), authorized a brand-new deduction for qualified business income (QBI) of pass-through entities and sole proprietors. This deduction under Section 199A of the tax code provides opportunities for a wide range of taxpayers, but has also caused confusion, especially as [...]

The Tax ABCs of Higher Education

By |2019-03-25T16:35:33+00:00March 25th, 2019|Individual Tax, News & Events|

Are any of your children currently attending college or preparing to enter school in the fall? The tax law provides several special tax breaks that may benefit parents who help pay qualified expenses. In particular, you may be able to claim one of two tax credits for higher education, subject to certain restrictions. Following is [...]

New SALT Rules Spice Up ’18 Returns

By |2019-03-25T21:12:32+00:00March 10th, 2019|Individual Tax, News & Events, SALT|

Under the Tax Cuts and Jobs Act (TCJA), certain deductions have been eliminated or modified, including the write-off for state and local tax (SALT) payments. The changes are effective for 2018 through 2025. As a result, some taxpayers will be going on a SALT-free diet when they file their 2018 returns. Background: Previously, many middle-to-upper [...]

Kristi Moore and Rachel Taylor have been admitted as JMF shareholders

By |2019-02-27T18:36:06+00:00February 27th, 2019|News & Events, Press Releases|

JamisonMoneyFarmer PC is pleased to announce that CPAs Kristi Moore and Rachel Taylor have been admitted as shareholders in the firm effective January 1, 2019. Managing Shareholder Scott Goldsmith of JamisonMoneyFarmer PC (“JMF”) is pleased to announce the promotions of Kristi Moore and Rachel Taylor as shareholders. Kristi and Rachel join twelve other shareholders at [...]

Is Time Running Out for Your FSA?

By |2019-02-18T20:12:25+00:00February 25th, 2019|News & Events, Pension Admin & Consulting, Press Releases|

If your company maintains flexible spending arrangements (FSAs) for the healthcare expenses of employees, an important deadline may be looming: March 15, 2019. For many healthcare FSAs, this is the last day you can withdraw funds from the balance in your account for 2018. Background: An FSA is funded with pre-tax dollars, so there are [...]