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The Tax Cuts and Jobs Act has changed the rules for home interest.  Under the old law, taxpayers could deduct interest on home acquisition debt with principal balances up to $1 million.  Acquisition debt is indebtedness used to acquire, construct, or substantially improve a qualified residence.  Interest paid on the...

The new tax law made several changes to business taxes that an analysis of entity selection may be appropriate. The new tax rate for a C corporation is a flat 21%.  For a pass-through entity (S corporations and partnerships) and sole proprietorships, the income is taxed on the owner’s personal...