santa monica tax cpa Archives

Many Taxpayers Will Pay No Tax on Long-Term Gains and Dividends
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Many Taxpayers Will Pay No Tax on Long-Term Gains and Dividends

Tax Cuts and Jobs Act, Tax Planning

Many Taxpayers Will Pay No Tax on Long-Term Gains and Dividends

By Gumbiner Savett Editor|2018-10-12T18:14:28+00:00October 8th, 2018|Categories: Tax Cuts and Jobs Act, Tax Planning|Tags: santa monica tax cpa, tax planning, tax planning santa monica, tax reform, tax reform 2, tcja 2018|

Do you have long-term capital gains or qualified dividends? If so, there's good news: After the Tax Cuts and Jobs Act (TCJA), you might still qualify for the 0% federal income tax rate on these types of income. The rate is only available for those with relatively low income. But, if your income is too high [...]

Understanding the benefits for pass through entities under the TCJA
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Understanding the benefits for pass through entities under the TCJA

Tax Cuts and Jobs Act, Tax Planning

Understanding the benefits for pass through entities under the TCJA

By Gumbiner Savett Editor|2018-04-10T18:06:20+00:00April 10th, 2018|Categories: Tax Cuts and Jobs Act, Tax Planning|Tags: cpa santa monica gumbiner savett, gumbiner savett cpa tax, pass through business tax cuts and jobs act, pass through businesses, pass through entities, santa monica tax cpa, tax cuts and jobs act|

The Tax Cuts and Jobs Act (TCJA) has been touted for cutting the corporate tax rate, but the law also contains some valuable goodies for smaller businesses that operate as pass through entities, including partnerships, limited liability companies, S corporations and sole proprietorships. These businesses stand to see their tax liabilities fall significantly, but [...]