tax prep

Provided by: Nate Kilton, CPA/PFS, CFP®, MBA, REALTOR®  

Deductibility of interest on “acquisition debt.” Taxpayers may deduct interest on mortgage debt that is “acquisition debt.” Acquisition debt means debt that is: (1) secured by the taxpayer's principal home and/or a second home, and (2) incurred in acquiring, constr

The new limit placed on individuals' itemized deductions of various kinds of nonbusiness taxes.

Provided by: Nate Kilton, CPA/PFS, CFP®, MBA, REALTOR®

Dear Client,

A Letter From the Desk of Nate Kilton

Provided by: Nate Kilton, CPA/PFS, CFP®, MBA, REALTOR®​

Dear Friends and Clients,

Some of the impact of the Tax Cuts & Jobs Act will be felt later than January 1.

Provided by: Nate Kilton, CPA/PFS, CFP®, MBA, REALTOR®

President Donald Trump signed the Tax Cuts & Jobs Act into law on December 22, and on January 1, some key details of the Internal Revenue Code will abruptly change.¹

What should you keep in mind as you donate?

Provided by: Nate Kilton, CPA/PFS, CFP®, MBA, REALTOR®

Are you making charitable donations this holiday season? If so, you should know about some of the financial “fine print” involved, as the right moves could potentially bring more of a benefit to the charity and to you.

It’s tax season again, and a question we get from a number of clients after receiving their yearend statements is, “Are my investment advisory fees tax deductible?” And the answer is an equivocal, “It depends.”