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Dissipation Claims in Marital Disputes – They Can Be Costly

By |2018-12-28T12:07:17-05:00December 28th, 2018|Change, Damages, Forensic Accounting, Home, Investigation, Litigation Support, Saving|

Studies say that more than 50% of all marriages will end in divorce and one of the major breaking points are disagreements around finances. It’s not surprising that many divorces end up in legal battles over some financial matter. One common type of these disputes is known as a dissipation claim. Generally, a dissipation claim [...]

Close-Up on the New QBI Deduction’s Wage Limit

By |2018-08-24T13:53:05-05:00August 24th, 2018|Change, Deductions, Home, Tax Reform|

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, S corporations and, typically, limited liability companies (LLCs). It can equal as much as 20% of [...]

Tax Time with TD&T: Help for Iowa First Time Homebuyers

By |2018-11-28T14:59:29-05:00February 9th, 2018|Deductions, Home, Tax|

In May of 2017, Iowa passed a bill that created the Iowa First Time Homebuyer Savings Account and related tax deduction.  Effective January 1, 2018 Iowa first time homebuyers may save for their future Iowa residence tax free, and get a deduction on their Iowa tax return for savings contributions. In Summary Individuals or married [...]