2018 Year-End Tax Update

2018-11-26T21:19:40+00:00

As 2018 winds down, business owners may still benefit from several tax savings strategies. At HBK CPAs & Consultants, we want to ensure that our clients and colleagues are aware of the many opportunities still available and applicable even this late in the year.

Year-end planning for 2018 is complicated by the various changes to the tax code under the Tax Cuts and Jobs Act (TCJA), and changes to come under new proposed regulations being announced by the IRS. These changes have begun to take shape and may drastically alter your tax position for the 2018 tax year and require alternative tax planning strategies for this tax year. These changes have significantly altered the tax landscape and require a different approach to tax planning that may not have been utilized in previous tax years. This creates opportunities for taxpayers to save significantly on their tax liabilities with some tailored tax planning solutions. Always contact your HBK Tax Advisor before implementing any of the strategies outlined in this guide. Our team is ready to assist you in evaluating each of these opportunities within the context of your unique tax position.

Download the update.
About the Author(s)

Amy L. Dalen, JD is a Principal and Tax Advisory Group Chair at HBK CPAs & Consultants and provides support services for the CPAs in all HBK offices.

She is a member of the HBK Tax Advisory Group, specializing in estate, gift, trust, and individual taxation. As a member of the Tax Advisory Group, Ms. Dalen researches complicated tax issues, provides compliance reviews for tax returns and trust accountings, and analyzes and plans for the estates of high net worth individuals. She works closely with the other professionals of HBK, their clients, and the attorneys and other professionals that make up the client’s team of advisors.

Prior to joining HBK, she worked for a Top 100 accounting firm in Maine preparing and reviewing complicated tax returns, providing tax planning for high net worth individuals and their businesses, and researching complicated tax issues.

Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.

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