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The federal income tax treatment of business entities has changed dramatically under the new tax law. For tax years beginning after December 31, 2017, C corporations will pay a 21% flat tax rate. Meanwhile, income from pass-through businesses will still be taxed at the owners' rates but owners will get a valuable new tax deduction. So which type of entity is best under the new rules?

There's more to the new tax law for businesses than just lower income tax rates. Here's an overview of some lesser-known business tax provisions, including an explanation of some complex changes that pass-through entities will face under the new law.

How will the new tax law affect you? A lot of attention has been given to the reduced tax rates for most individuals and the new limit on deducting state and local taxes. But there's much more to the changes. Here's a look at some of the law's fine print, including how it will affect the individual health care mandate, the kiddie tax and various tax deductions.

The new tax law is commonly known as the Tax Cuts and Jobs Act (TCJA) for a reason because most U.S. businesses are looking forward to owing far less federal income tax for tax years beginning after January 1, 2018. However, the exact tax cuts that most businesses will enjoy depend on several factors. Here's a summary of some important changes for businesses.

The new tax law has finally passed and the changes generally kick in in 2018. President Trump and Republican members of Congress say it will bring $3.2 trillion in tax cuts. But some individual taxpayers are skeptical. Everyone's situation is unique and not everyone will come out ahead. This article provides an example of how it might affect your taxes in 2018, if you're still eligible to itemize deductions.

The Tax Cuts and Jobs Act is the biggest tax reform package in over 30 years. With tax filing season right around the corner, business and individual taxpayers, with the help of their tax advisors, are scrambling to understand how the changes will affect them. Here are some key elements of the new law.

Are you planning to go on a vacation this winter? Whether you're trying to escape the cold or visiting loved ones, travel brings photo opportunities that you'll want to share on social media. But think twice before you post a selfie from the beach or check-in at the airport. Thieves have been known to troll social media activity and some insurance companies may review your social media posts before approving theft-related claims.

What's the "right" age for buying a child his or her first smartphone? These devices can be a major financial investment, so it's important to do your homework. But there are other nonfinancial challenges that need to be factored into this purchase, such as maturity issues, social media concerns, and the risks of cyberbullying and identity theft.

Attempts by individual taxpayers to claim write-offs for bad debt losses have led to countless deficiency notices from the IRS. This article briefly explains the tax issues related to bad debt loss deductions and summarizes a recent U.S. Tax Court decision that allowed favorable business bad debt treatment for uncollectible loans.

Many people are struggling with tax planning this year end. While the fate of congressional tax reform legislation remains uncertain, you and your family can still make some last-minute tax-saving moves before December 31. Here are five ideas, along with some of the tax reform proposals being discussed in Congress that could influence your planning options.

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