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Proposed Tax Legislation Impacts Financial Institutions

Executive Summary: The much-debated tax reform proposal currently under consideration may have unexpected impacts to many financial institutions.   As drafted, both the House and Senate bills include a corporate rate reduction for federal income taxes from 35% to...

Proposed Tax Cuts & Jobs Act

The Republican controlled House of Representatives unveiled their first draft at tax reform on November 2, 2017.  The 429 page H.R. 1 bill proposes significant changes to individual, business, gift and estate taxes.  The House Ways and Means Committee also released a...

Before Year-End, Get The Most Out of Your FSA

If you have money set aside in a Flexible Spending Account (FSA), you know it’s a great tax saving vehicle. Not only are your FSA contributions not taxed, but you don’t have to wait until you have enough money in the account for a planned medical expense,...

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