Francine J. Lipman In The News


Bankrate
The new tax law that went into effect in 2018 nearly doubled the standard deductions. As a result, only 13.7 percent of taxpayers are expected to itemize expenses on their 2019 returns, according to the not-for-profit Tax Foundation. Prior to the enactment of the Tax Cuts and Jobs Act, nearly one-third of filers itemized expenses to reduce their taxable income.
Bankrate
As the end of the year approaches, it’s a good idea to start thinking about how you’ll handle your federal tax return. Some taxpayers are still getting familiar with the Tax Cuts and Jobs Act of 2017, which has been in effect for only one tax season.



Fortune
How do you lose more than a billion dollars?