News & Events

Subject to AMT? Consider donating to the Alabama Opportunity Scholarship Fund

By |2018-01-11T19:53:22+00:00December 18th, 2017|Individual Tax, News & Events|

By:  Rachel Taylor, Tax Manager Rachel is a tax manager in the JMF Tax Department.  She assists clients with corporate, partnership, and individual income tax reporting as well as complex oil and gas tax issues. Would you like to reduce your AMT and provide a better education for children of Alabama? Consider donating to the Alabama [...]

2017 Year-End Tax Planning Letter

By |2018-01-11T20:46:25+00:00December 5th, 2017|Corporate & Partnership Tax, Entrepreneurs, Individual Tax, News & Events, Press Releases|

 Dear Clients and Friends: Tax planning is rarely easy, but this year it is especially difficult due to the potential for sweeping tax reforms. At this writing, Congress has yet to agree on a comprehensive plan that can be expected to pass both houses and be signed by the president. We will continue to [...]

Seven Time-tested Year-end Tax Tactics

By |2018-01-11T20:49:30+00:00November 20th, 2017|Individual Tax, News & Events|

Practical approaches for individuals At this point, it is still uncertain whether any significant tax reform will be enacted this year (and even if it will be applicable to this tax year or next). Keeping that in mind, individual taxpayers may stick with “tried-and-true” methods to reduce taxes owed at year-end. Here are seven [...]

Hurdle the IRA Rollover Limit

By |2018-01-11T20:49:42+00:00November 17th, 2017|Individual Tax, News & Events, Pension Admin & Consulting|

If you want to move funds from one IRA to another—say, for investment purposes—you can use a rollover, but only once a year. Under the Tax Court’s interpretation of a recent case, this applies to all your IRAs, not just one specific, separate IRA. However, the once-a-year limit does not apply to trustee-to-trustee transfers [...]

Five Year-end Tax Moves for Small Businesses

By |2018-01-11T20:50:05+00:00November 2nd, 2017|Corporate & Partnership Tax, Entrepreneurs, News & Events|

As with individuals, year-end tax planning for businesses remains somewhat uncertain. However, the Protecting Americans from Tax Hikes (PATH) Act of 2015 preserved certain tax benefits that can be incorporated into a logical year-end plan. Here are five ideas for small-business owners to consider: Speed up equipment deductions. Under the PATH Act, the maximum [...]

October 31st Filing Requirement: Reporting for Entities Exempt from Sales Tax

By |2018-01-11T20:50:15+00:00October 20th, 2017|News & Events, SALT|

By:  Jennifer Stripling, Tax Manager Jennifer is a tax manager, a member of the JMF Tax Department and in an integral part of the JMF State and Local Tax (SALT) group.  With over 11 years of experience, she assists clients with corporate, partnership, and individual income tax reporting as well as complex multi-state income and sales tax [...]

Top Retirement Plans for Self-Employed Workers

By |2018-01-11T20:50:29+00:00October 5th, 2017|News & Events, Pension Admin & Consulting|

At one time, pension plans and other qualified retirement plans were usually offered only by larger companies, but now, many small companies have caught up. In fact, if you are self-employed with just one or two employees—or maybe just yourself—you still have plenty of retirement plan options at your disposal. Here are four popular [...]

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