It’s true, the new tax bill will limit the amount of state income, sales and property tax that can be deducted to $10,000. Our clients have been calling to ask if there is a work around. Here’s the answer: Yes and No. And for the “yes” you will need to have the cash flow right now. Here’s what we know. For those who itemize on Schedule A (deduct more than the standard deduction) it could make sense to prepay what you can since these taxes are still fully deductible for the 20

We've done it. On this blog the Tax Nerds will take turns sharing information, ideas, and potentially, some deep thoughts. We want you to know what keeps the Tax Nerds curious and engaged in this changing environment. The format and style will continue to evolve as we cut our teeth on this new method (new to us) for communicating with all of you. As the proposed tax legislation makes its way through committee we will use this blog to update you and offer more detailed explan