tax law

If You Suffered a Disaster, You May Be Eligible for a Casualty Loss Tax Deduction

January 29th, 2026|Categories: Accountant, accountant near me, Burns Firm, Casualty Loss, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Disaster Relief, OBBBA, One Big Beautiful Bill Act, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Cuts and Jobs Act, Tax Deductions, TCJA, The Burns Firm|Tags: , , , , , , , , , , , , , |

Every year, severe storms, flooding, wildfires and other disasters affect millions of taxpayers. Many experience casualty losses from damage to their homes or personal property. The One Big Beautiful [...]

New Tax Rules Have Been Set: Start Planning Now

September 4th, 2025|Categories: accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, New for 2025, Tax, tax accountant, Tax Advisor, Tax Breaks, Tax Deductions, Tax Law, Tax Planning, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , , |

Individual taxpayers faced significant tax planning uncertainty for the first six months of the year. Many provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) were scheduled to [...]

The New Law Includes Favorable Changes for Depreciating Eligible Assets

July 29th, 2025|Categories: Accountant, Assets, Burns Firm, Business, Business Assets, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Depreciating Business Assets, OBBBA, One Big Beautiful Bill Act, Small Business, Tax, Tax Advisor, Tax Law, Tax Law Changes, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , |

The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes are liberalized rules for [...]

The COVID-19 relief law: What’s in it for you?

January 5th, 2021|Categories: Accounting, Burns Firm, Coronavirus, Covid-19, Law, PPP, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions|Tags: , , , , , , , , , , , |

The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you. Here are some of the highlights of the Consolidated [...]

4 New Law Changes That May Affect Your Retirement Plan

January 30th, 2020|Categories: Accounting, Services, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: , , , , , , , , , |

If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The [...]

How the Current Tax Law Affects Charitable Giving from IRAs

July 11th, 2019|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Deductions, Tax Preparation, Tax Return, TCJA|Tags: , , , , , , , , , , , |

For charitable donors, the Tax Cuts and Jobs Act (TCJA) provided some tax breaks and took away others. Here's what charity-minded individuals need to know. Increased Charitable Deduction Limit Under [...]

Financial Issues to Consider During and After a Divorce

April 4th, 2019|Categories: Accounting, Burns Firm, Services, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: , , , , , , , , , , , , |

Divorce is one of the most traumatic events that can occur in a person's life. The emotional aspects of the break-up are difficult to handle, and the stress can be [...]

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