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John Bullis column: Miscellaneous Deductions for Non-Grantor Trusts and Estates

Beginning in 2018, individual taxpayers do NOT get deductions for miscellaneous itemized deductions on Schedule A of form 1040. The Tax Cuts and Jobs Act of Dec. 22, 2017 eliminated those deductions for individuals. ....

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John Bullis column: No profit motive means no deduction for losses

Joy Ford owned and operated a small music venue where songwriters could have their songs performed. It was operated to help songwriters display their music to talent scouts, record producers and agents. The facility featured live country music on Friday and Saturday nights. ....

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John Bullis column: No profit motive means no deduction for losses

Joy Ford owned and operated a small music venue where songwriters could have their songs performed. It was operated to help songwriters display their music to talent scouts, record producers and agents. The facility featured live country music on Friday and Saturday nights. ....

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Column: Tax Laws Should be in Tax Acts

I don t understand why Congress puts new tax rules in various other tax laws. Important tax laws seem to be in the other (unrelated) tax acts such as: ....

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John Bullis: Paying unpaid federal taxes on trusts and estates

The surviving spouse who was also Executrix of her husbands’ estate had to pay his income tax liabilities. Mr. Robert Reitano died in July of 2002. Ms.McNicol, the surviving spouse, distributed the assets of his estate to herself for no consideration. ....

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