• SDK Blue Box

State Income Tax Deduction Work Around

With the enactment of the Tax Cuts & Jobs Act, the itemized deduction for state taxes was limited to $10,000 for taxpayers filing married filing jointly. This change in tax law was disadvantageous to those taxpayers living in high taxed states who were usually able to take advantage of a higher itemized tax deduction for the large amount of state income taxes paid.

  • SDK CPA

Rental Real Estate Potential Accounting Method Change

Rental Real Estate Potential Accounting Method Change The 2017 Tax Cuts and Jobs Act (TCJA) provided that residential real estate companies could make an election to not be subject to the interest expense limitation under Section 163(j) of the Internal Revenue Code.

Solutions Tailored To Fit Your Needs.

SDK’s services are designed to match our client’s needs. Because we take the time to know our clients personally, we’re able to offer unique solutions tailored to each client. This working relationship allows us — you and SDK – to evaluate alternatives, develop sound strategies, accurately gauge the results and provide you with the highest quality of work.

Our goal is a simple one: to be your most trusted and valued advisor. We do that by anticipating your needs and then offering the best possible solution to those needs. We do that by specializing in a comprehensive set of services that go well beyond the preparation of financial reports and tax returns.

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