Congress enacted the so-called “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. Congress recently revamped this tax under the Tax Cuts and Jobs Act (TCJA). Trust and Estate Tax Rates for 2018 Use the following tax rates to compute… Continue reading

Schroedel, Scullin & Bestic, CPAs and Strategic Advisors (SSB) realized growth in 2017 as a result of the demand for tax, business valuation and specialty consulting services. This trend is expected to continue in 2018 with the passage of the latest tax reform and a healthy economy. The Tax Cuts and Jobs Act of 2017… Continue reading