Norman Grill
Norman G. Grill: Smart wealth transfer strategies
You can distribute your wealth while minimizing estate taxes by using proven strategies, such as gifting and direct payments to educational institutions. Low interest...
Norman Grill: Job loss may affect your taxes
If you've lost your job, you may have questions about how that might impact your tax situation. Here are some answers:
Q: How can my...
Norman Grill: The Employee Retention Credit could help your business
If your business has been impacted financially by COVID-19, you may qualify for a new, refundable tax credit called the Employee Retention Credit. It...
Norman Grill: The CARES Act benefits explained
These measures include economic recovery checks for taxpayers, as well as several other tax provisions affecting individuals.
Norman Grill: Are Social Security benefits taxable?
Social Security benefits that may be taxable include monthly retirement, survivor, and disability benefits. Supplemental Security Income (SSI) payments are not taxable.
Generally, you pay...
Norman Grill: Claiming an elderly dependent on your tax filing
Are you taking care of an elderly parent or relative? Whether it's driving to doctor appointments, paying for nursing home care or medical expenses,...
Norman Grill: Itemizing deductions may reduce your taxes
Many taxpayers opt for the standard deduction because it is easier. But sometimes itemizing your deductions is the better choice – often resulting in...
Norman G. Grill: Year-end business tax planning strategies, part II
Here are more end-of-year tax planning strategies that might reduce your business tax liability:
Small business health care tax credit. Small business employers with...
Norman G. Grill: Year-end business tax planning strategies, Part 1
There are a number of end-of-year tax planning strategies that might reduce your business tax liability. Here are a few of them:
Deferring income
Businesses using...
Norman G. Grill: New employer tax credit for family and medical...
Thanks to the passage of the Tax Cuts and Jobs Act (TCJA) last year, there's a new tax benefit for employers: the employer credit...
Norman Grill: Complying with internet sales tax
If your business delivers products or services across state lines, it’s critical to review your activities. Then take steps to ensure compliance with rapidly evolving sales tax requirements.
Norman G. Grill: Rental real estate investors get new IRS guidance...
If you invest in rental real estate or are considering it, the IRS has provided guidance to those seeking to take advantage of the new Section 199A “pass-through” deduction.
Norman G. Grill: How should you own your vacation home?
There are several different ownership structures that can be used for family vacation homes, including a corporation, trust, tenants in common and limited liability company.
Norman G. Grill: A new way to reduce capital gains taxes
Under this new federal program, reinvesting in a qualified opportunity fund allows you to defer, and even reduce, the tax on your original gain and to avoid tax on future appreciation within the QOF.
Norman Grill: Following tax reform, does it pay to itemize?
You have a choice each year when you file your income tax return: take the standard deduction or itemize your deductions. That choice, however, is more complicated under the Tax Cuts and Jobs Act.