In Part I of this analysis, we provided a brief overview of President Joe Biden’s two recent 2021 legislative proposals that could have major implications on Federal income taxation of individuals, businesses, and other entities, ...
Category Archive: Vance Maultsby
Introduction Following the enactment into law of his American Rescue Plan on March 11, 2021, legislation primarily aimed at providing continued COVID-19 relief, President Biden has unveiled two broad proposals that could deliver on a ...
Last week, many Texans and residents of other southern states were severely impacted by a historic winter storm. A substantial amount of time may lapse before we fully recover. Today, HM&M presents an overview of ...
Regularly, I am asked how long one should keep tax records. This is an important and straight-forward question. My usual answer is less direct: “it depends.” As you can see below, that’s a pretty good ...
Do you make charitable contributions? If so, read on. We may be able to help you cut the costs of charitable giving – or increase the size of your contributions without costing any more in ...
I was planning to pen a short note wishing all my clients, friends and readers a happy and prosperous 2018. Plans change. On Thursday, December 28, President Trump told the New York Times that he ...
My Comments on December 4, 2017: A quote attributed to 19th century German Chancellor Otto von Bismarck crosses my mind frequently of late. “Laws are like sausages. You should never watch them being made.” He ...
About two weeks before the wildfires struck northern California, my wife and I spent a few days in Napa Valley. We went to a stunning estate to celebrate the perfect nuptial ceremony featuring a beautiful ...
Usually, the income tax deduction for meals and entertainment is equal to half the amounts spent for meals and entertainment. There are some exceptions, one of which is where the meals are a de minimis ...
On occasion, I am asked if a taxpayer can deduct the costs of graduate education. I consulted with a client about deducting the costs of his MBA as recently as a month ago. I confidently ...
First, let me acknowledge that Butt Sketch is trademarked by Krandel Lee Newton. I give him all the well-deserved credit for the term and the concept. Mr. Newton and his crew of associate Butt Sketchers ...
This is a very long blog because it is an important, complicated and current topic! I am privileged to count among my clients some of the elite wealth advisers in the Dallas-Fort Worth area. I ...