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Fazzio Law Offices

Tax Law and Foreclosure Law Blog

Our blog is where we provide advice, present client tips, and talk about the latest legal news in the area and across the nation.


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5/15/2018
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The #1 Student Loan Landmine to Avoid in 2018

Paying Off Student Loans Without Getting Snared

Category: Tax Law

5/15/2018
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$37,000 401(K) Tax Saving Strategy

How to Reduce Your Taxable Income by $37,000 Without Going Back to School

Category: Tax Law

5/8/2018
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Beware of the 80% Cap on Net Operating Losses (“NOLs”)

NOLs get an overhaul under the TCJA that savvy business taxpayers should watch out for.

Category: Tax Law

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5/8/2018
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Take Advantage of Huge 100% 179 Equipment Discount

There has never been a better time to invest in your business with huge tax savings opportunities available under the TCJA.

Category: Tax Law

5/8/2018
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Exploit Expert Retirement Saving Opportunities Under TCJA

Plan for retirement by taking advantage of the Tax Cut & Jobs Act in 2018.

Category: Tax Law

4/30/2018
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Expert Mortgage Interest Deduction Tricks for 2018 Savings

The mortgage deduction interest has undergone a major overhaul in 2018 under the TCJA and you need to know where you stand.

Category: Tax Law

4/30/2018
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2 Ways to Save Big Money Racking Up Business Miles in 2018

Increased business automotive deductions in 2018 can unlock big savings for the savvy small business owner.

Category: Tax Law

4/30/2018
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Unlock Tremendous Savings with New 20% Pass-thru Deduction

Sec. 199A of the TC&JA provides a great tax savings for small business owners, who can now deduct 20% of their profits, below the line, before calculating tax.

Category: Tax Law

4/23/2018
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Look at 529 Plans, FSAs, and Retirement Accounts

Extra income shouldn't burn a hole in your pocket, the smart tax play is to reduce taxes and defer income with retirement, healthcare, and college savings.

Category: Tax Law

4/23/2018
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Come Up With a Strategy For Your Estimated Payments

The self-employed individual needs to have a strategy for making quarterly estimated payments and keeping ahead of their tax obligations.

Category: Tax Law

4/23/2018
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Supplement Your Income Through Freelancing

A smart tax play is to earn more. Nothing is better for taking the sting out of your tax bill than more income, and business income brings tax deductions.

Category: Tax Law

4/23/2018
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Plan a Smart Financial Play For Your Tax Refund

Don't blow your tax refund on frivolity but pay down credit card debt, set aside a rainy day fund, and make some charitable donations to give back.

Category: Tax Law

4/23/2018
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Create a Health Care Savings Account in 2018

Healthcare Savings Accounts ("HSAs") are among the best tax savings tips for 2018.

Category: Tax Law

4/23/2018
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5 Biggest Challenges Facing the Small Business Owner

Small business owners need to access capital to fund growth, market their products and services, hire smart, and deal with delinquent accounts.

Category: Small Business Law

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4/22/2018
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Beware: The IRS CryptoCurrency Crackdown Has Begun

The IRS is ramping up enforcement through a cryptocurrency detection dream team targeting Bitcoin and Coinbase to root out tax avoiders.

Category: Tax Law

4/22/2018
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Supreme Court Day of Reckoning for Free Online Sales?

Supreme Court likely to strike down free online sales and open the door for states to impose taxation on online retailers and digital marketers.

Category: Tax Law

4/22/2018
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Unlock Colossal Health Care Tax Savings Under the TCJA

Use a Health Care Savings Account ("HSA") to deduct your out-of-pocket healthcare costs and save money on your taxes in 2018.

Category: Tax Law

4/16/2018
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Did You Know You Can Write Off Your Legal Fees?

Write off your tax preparation, tax advice, and legal and accounting fees for your business helping you to produce and earn income.

Category: Tax Law

3/27/2018
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Party is Over: New Tax Bill Slashes Entertainment Expenses

Tax Cut & Jobs Act Eliminates Meals & Entertainment Write-Offs for Most Employers in Most Industries - Know Where You Stand Under the New Tax Regime

Category: Tax Law

3/27/2018
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Dining Out on the IRS’s Tab

Successfully Expensing the Free Lunch, How to Get The Maximum Deductions for Business Meals & Entertainment Without Getting Audited or Win Your Audit if You Do.

Category: Tax Law

3/26/2018
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5 Things You’ll Love When Working With a Tax Attorney

Avoid talking to IRS, get interest & penalties reduced, avoid bank account seizure, settle your debt for less, and get your life back - get a tax attorney.

Category: Tax Law

3/26/2018
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IRS Can Revoke Your Passport if You Owe $50K or More

The IRS is beginning to certify "seriously delinquent" tax debtors behind by more than $50,000 to the State Department for passport revocation or refusal.

Category: Tax Law

3/25/2018
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IRS to End Offshore Voluntary Disclosure Program

2014 Offshore Voluntary Disclosure Program will end on Sep. 28, 2018, offshore foreign bank holders need to come into compliance now before it is too late.

Category: Tax Law

3/25/2018
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Time May Be Up for IRS to Track Down Old Offshore Income

The IRS Has a Time Limit to Track Down Unreported Offshore Income. Assessments and penalties older than 6-years, and where there is no fraud are off limits.

Category: Tax Law

3/25/2018
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Alimony Now Taxable Under Tax Cut & Jobs Act

Alimony Now Taxable to the Payee Spouse: New Bill Repeals the Alimony Deduction. Tax Cut & Jobs Act raises taxes on divorcing spouses. IRC Sec. 71 and 215.

Category: Tax Law

Labels: Alimony