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Request for Client Info Update

Dear Client:

In efforts to keep our client database accurate and current, please complete our Client Information Update form: Download Client Update Form. Please fill out the form in its entirety and mail or fax it back to our office.

For our clients who currently have a Client Portal account, you may log in to verify and, if necessary,
update your personal information.

If you have new dependents, please be prepared to provide social security numbers with your 2018 tax documents.

Please don’t hesitate to contact us with any questions. (970) 241-1116

Please return forms to:
Stranger Tallman & Lautz Accounting
521 Rood Ave
Grand Junction, CO 81501

or Fax:
(970) 241-8299

Portal:
officetoolsportal.com
enter your email and password

Best Regards,

Emelia Black
Client Services Specialist

September Tax Saving Tips

New IRS 199A Regulations Benefit Out-of-Favor Service Businesses
If you operate an out-of-favor business (known in the law as a “specified service trade or business”) and your taxable income is more than $207,500 (single) or $415,000 (married, filing jointly), your Section 199A deduction is easy to compute. It’s zero.
This out-of-favor specified service trade or business group includes any trade or business
·involving the performance of services in the fields of health, law, consulting, athletics, financial services, and brokerage services; or
·where the principal asset of such trade or business is the reputation or skill of one or more of its employees or owners; or
·that involves the performance of services that consist of investing and investment management trading or dea

KAFM Money Tips: Passthrough Business Deduction

August Tax Saving Tips

Convert Your Personal Vehicle to Business and Deduct up to 100 Percent
You probably like your personal vehicle just as it is. But wouldn’t you like it far better if it were producing tax deductions? Perhaps big deductions, immediately. And the Tax Cuts and Jobs Act gives you the tax reform road map on how to do this.
Of course, to make this happen, you need to strip your personal vehicle of its personal status and re-dress it as a business vehicle. This is not difficult. In its new business dress, your former personal vehicle can qualify for up to 100 percent bonus depreciation.
Example. Sam has a personal vehicle with a tax basis for depreciation of $31,000. With 70 percent business use on this 100 percent bonus depreciation–qualifying vehicle, Sam has a new $21,700 tax deduction for this year ($31,000 x 70 percent).
Tax Implications of Goodwill
Here’s a primer to help you avoid confusion about goodwill:
·As the seller, you have self-created goodwill when the total sales price of your b…

KAFM Money Tips: Market Update with Doug May

July Tax Saving Tips