Tim Schuster discusses individual tax questions in the wake of tax reform including adjusted gross income, private business, QBI and your tax advisor.

Tim's Top Individual Tax Questions


In this episode of The Bottom Line, EisnerAmper Private Business Services Group manager, Tim Schuster, discusses some of the individual taxation questions he’s receiving from clients in the wake of tax reform. Tim tells us about the impact on deductions including itemized, state and local, mortgage interest and qualified business income.


Dave Plaskow: Hello and welcome to The Bottom Line. This podcast examines the everyday business and finance issues faced by closely held and private businesses. We hope to provide you with news you can use in what we like to think of as a jargon-free zone. I’m your host Dave Plaskow and with us is Tim Schuster, a manager in EisnerAmper’s Private Business Services Group. In our last episode we discussed some of the more common business tax questions that Tim has received from clients as a result of the recent tax reform legislation. Today, we’ll look at the individual tax side of things. Hey Tim.

Tim Schuster: Dave, it’s a pleasure.

More Podcasts in This Series
Pair of New Laws Impacts NJ Workers and Employers

Tim Schuster, a manager in EisnerAmper's Private Business Services Group, discusses new NJ legislative initiatives happening in Trenton that you should be aware of. The first is the New Jersey Family Leave Act and the second is the increase in NJ's minimum wage.

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In this episode of The Bottom Line, EisnerAmper Private Business Manager Tim Schuster discusses developing a quarterly planning calendar, including budget, tax planning and speaking with your trusted advisor. Review these concepts monthly from an accounting perspective.

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In the wake of the government shutdown, Tim Schuster offers tips on creating an emergency fund. To avoid living paycheck to paycheck, Tim suggests putting money into a separate savings account, as well as a portion of any windfalls. Emergency funds should include medical expenses.

Mr. Schuster is a Manager providing tax compliance services to individual filers, as well as assistance on tax returns for companies in the manufacturing and real estate industries.

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