Debit-This-Credit-That Podcast

Episode 25 - Tax Season - Questions and Answers

March 5, 2018

 

Tax season is upon us!

Are you wondering how the new tax law will impact your 2018 tax return? If so, you’re in good company. Our clients have had a lot of questions about their taxes this year.

In this special Q&A episode, we share the answers to our clients’ top questions. Tune in to catch our answers and become more prepared for tax season.

Here are the questions we answer in this episode:

  • How will the new Tax Law changes affect tax filing for pass through entities?
  • What is the best process for purchasing a car for business use: buy it personally, or buy it through the business?
  • When is a primary residence considered a rental for tax purposes?
  • Under the new tax law, will we receive a considerable hit and lose personal exemptions?
  • How does the backdoor ROTH IRA work?
  • Do I have to pay federal and state income taxes on an inheritance?
  • Are IRA Management Fees deductible on my taxes?
  • Can I use my IRA for major medical expenses without tax implications?

Links:

DAM-Cancer Website

Wheeler Accounting Website

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