Deductions

2017 North Carolina Tax Law Changes

Posted on: March 30th, 2017
Changes to tax rates in North Carolina became effective on January 1, 2017. The adjustments affect both businesses and individuals. When revising tax planning efforts, consider the modifications below....

10 Things to Ask Your Accountant: Small Biz Webinar

Posted on: March 30th, 2015
Our tax attorneys in Chapel Hill recently reviewed the advantages and disadvantages of investing or gifting your tax refund, tax issues when settling an estate, and ways to protect yourself from tax preparer fraud. As the tax season filing deadline fast approaches, the Internal Revenue Service is offering a community service through a webinar. Tomorrow...

2014 Tax Extensions – Limited Time Remains

Posted on: December 20th, 2014
With less than two weeks remaining in the 2014 tax year, Congress passed several tax extensions. The tax provisions were included in H.R. 5771 Tax Increase Prevention Act of 2014. ...

Year-End Gifting to Charities

Posted on: December 15th, 2014
The spirit of the holiday season is a generous one. According to the National Center for Charitable Statistics, “The last few months of the year make up what is commonly called the Giving Season for the nonprofit community.” ...

North Carolina 2014 Tax Year Changes to Note

Posted on: December 12th, 2014
Individuals and businesses across North Carolina are approaching the end of the 2014 tax year. Our tax attorneys in Chapel Hillreview below a few income tax legislation amendments for the 2014 tax year. ...

4 Tax Considerations for Parents of Special Needs Children

Posted on: May 21st, 2014
Special needs children may require the expenditure of significant sums for day-to-day healthcare, home modifications, and education programs. Fortunately, however, these expenses typically offer some tax advantages....
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