--- title: Machen McChesney Blog | Lesley L. Price, CPA (13) description: (13) --- [Family of Services](http://machenmcchesney.com/about-us/family-of-companies/)  |  [CPA & Business Advisory](http://machenmcchesney.com)  |  [Payroll, HR & Benefits](http://focuspaysolutions.com/)  |  [Wealth Management](http://machenmcchesney.com/services/financial-planning-and-wealth-mangement-services/) Auburn-Opelika (334) 887-7022 | Montgomery (334) 244-8900 [![mm-re-cobrand-fd-blues](https://info.machen.cpa/hs-fs/hubfs/mm-re-cobrand-fd-blues.png?width=279&height=100&name=mm-re-cobrand-fd-blues.png)](http://machenmcchesney.com) Search this site on Google Search Google Search this site on Google Search Google - [Client Portal](https://machenmcchesney.sharefile.com/Authentication/Login) - [1040 Electronic Organizer](https://www.my1040data.com/account/login/HT7902990) - [LinkedIn](https://www.linkedin.com/company/675439?trk=tyah&trkInfo=idx%3A1-1-1%2CtarId%3A1424436970395%2Ctas%3Amachen+mcchesney) - [Facebook](https://www.facebook.com/machenmcchesney) - [Google](https://plus.google.com/101356546927388458481) - [Twitter](https://twitter.com/machenmcchesney) - About Us - [Welcome](http://machenmcchesney.com/about-us/welcome/) - [Affiliations and Associations](http://machenmcchesney.com/about-us/affiliations-and-associations/) - [Community Events](http://machenmcchesney.com/about-us/community-events/) - [Family of Companies](http://machenmcchesney.com/about-us/family-of-companies/) - [History](http://machenmcchesney.com/about-us/firm-profile-history/) - [Mission and Values](http://machenmcchesney.com/about-us/mission-and-values/) - [Team Directory](http://machenmcchesney.com/about-us/team-directory/) - Services - [Accounting & Outsourcing](http://machenmcchesney.com/services/accounting-outsourcing/) - [Audit and Assurance Services](http://machenmcchesney.com/services/audit-assurance/) - [Business Advisory Services](http://machenmcchesney.com/services/business-advisory/) - [Business Valuation Services](http://machenmcchesney.com/services/business-valuation-services/) - [Family Office Services](http://machenmcchesney.com/services/family-care/) - [Financial Planning & Wealth Mangement Services](http://machenmcchesney.com/services/financial-planning-and-wealth-mangement-services/) - [Individual Services](http://machenmcchesney.com/services/individuals/) - [Taxation](http://machenmcchesney.com/services/taxation/) - Who We Serve - [Construction & Real Estate](http://machenmcchesney.com/industries/construction-real-estate/) - [Credit Unions](http://machenmcchesney.com/industries/credit-unions/) - [Government & Not-For-Profits](http://machenmcchesney.com/industries/governmental-not-for-profit/) - [Healthcare & Professional Services](http://machenmcchesney.com/industries/healthcare-and-professional-services/) - [Hospitality, Restaurant & Retail](http://machenmcchesney.com/industries/hospitality-restaurant-retail/) - [Manufacturing, Distribution & Automotive](http://machenmcchesney.com/industries/manufacturing-distribution-automotive/) - [Success Stories](http://machenmcchesney.com/success-stories) - Resources - [Blog](https://info.machenmcchesney.com/blog) - [E-Newsletter Archive](http://machenmcchesney.com/resources/e-newsletter-archive/) - [Financial Calculators](http://machenmcchesney.com/resources/financial-calculators/) - [Financial Terms Glossary](http://machenmcchesney.com/resources/financial-terms-glossary/) - [Helpful Articles](http://machenmcchesney.com/resources/newsletter/) - [Tax Calendar](http://machenmcchesney.com/resources/tax-calendar/) - [Tax Links](http://machenmcchesney.com/resources/tax-links/) - [Track Your Refund](http://machenmcchesney.com/resources/track-your-refund/) - [Sign Up for Our E-Newsletter](http://machenmcchesney.com/resources/e-newsletter/) - [Subscribe to Our Blog](http://machenmcchesney.com/resources/subscribe-to-the-machen-mcchesney-blog/) - News & Events - [Press Releases](http://machenmcchesney.com/news-events/press-releases/) - [Upcoming Events](http://machenmcchesney.com/news-events/upcoming-events/) - Careers - [Our Culture](http://machenmcchesney.com/careers/culture/) - [Benefits](http://machenmcchesney.com/careers/benefits/) - [Our Stories](http://machenmcchesney.com/careers/our-stories/) - [Current Openings](http://machenmcchesney.com/careers/current-openings-send-resume/) - [Accounting Internship Opportunities](http://machenmcchesney.com/careers/students/) - Contact Us - [Auburn-Opelika Office](http://machenmcchesney.com/contact-us/contact-us-auburn-office/) - [Montgomery Office](http://machenmcchesney.com/contact-us/contact-us-montgomery-office/) # Returning Value Blog ## Lesley L. Price, CPA ### Recent Posts ## [This Tax Shelter Is Still Standing](https://info.machen.cpa/blog/this-tax-shelter-is-still-standing) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Apr 03, 2018 [![](https://info.machen.cpa/hubfs/iStock-683464800-801735-edited-845986-edited.jpg)](https://info.machen.cpa/blog/this-tax-shelter-is-still-standing) **Home  sale exclusion remains intact** Although Congress threatened to reduce the benefits of the home sale exclusion, the final version of the new Tax Cuts and Jobs Act (TCJA) did not include a crackdown. As a result, if you sell your home at a huge profit and qualify under the existing rules, you can still exclude up to $250,000 of your gain—$500,000 if you’re married and file a joint return—from the sale of your home. [Full Story](https://info.machen.cpa/blog/this-tax-shelter-is-still-standing) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax) ## [5 Estate Planning Tips for The Sandwich Generation](https://info.machen.cpa/blog/5-estate-planning-tips-for-the-sandwich-generation) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Mar 05, 2018 [![](https://info.machen.cpa/hubfs/iStock-699849122-467580-edited.jpg)](https://info.machen.cpa/blog/5-estate-planning-tips-for-the-sandwich-generation) The “sandwich generation” accounts for a large segment of the population. These are people who find themselves caring for both their children and their parents at the same time. In some cases, this includes providing parents with financial support. As a result, estate planning — which traditionally focuses on providing for one’s children — has expanded in many cases to include aging parents as well. [Full Story](https://info.machen.cpa/blog/5-estate-planning-tips-for-the-sandwich-generation) Posted in [Estate Planning](https://info.machen.cpa/blog/topic/estate-planning) ## [4 Asset-protection Strategies](https://info.machen.cpa/blog/4-asset-protection-strategies) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Feb 02, 2018 [![](https://info.machen.cpa/hubfs/IFF_AssetProtection_IMAGE_560x292-520611-edited.jpg)](https://info.machen.cpa/blog/4-asset-protection-strategies) Protect your wealth from creditors and litigants. [Full Story](https://info.machen.cpa/blog/4-asset-protection-strategies) Posted in [Individual Tax Planning](https://info.machen.cpa/blog/topic/individual-tax-planning) ## [Tax Reform Act: Understanding Two Areas which May Impact Employers and Employees Now – Meals and Entertainment and Moving Expenses](https://info.machen.cpa/blog/tax-reform-act-understanding-two-areas-which-may-impact-employers-and-employees-now-meals-and-entertainment-and-moving-expenses) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Jan 30, 2018 [![](https://info.machen.cpa/hubfs/iStock-866779874-311902-edited.jpg)](https://info.machen.cpa/blog/tax-reform-act-understanding-two-areas-which-may-impact-employers-and-employees-now-meals-and-entertainment-and-moving-expenses) Understanding the implications of the Tax Reform Act will be critical in business planning for 2018. The Act placed stricter limits on what businesses can deduct for meals and entertainment and suspended the exclusion of moving expenses from an employee’s income.  Please see the tables below comparing the rules before and after the Act. [Full Story](https://info.machen.cpa/blog/tax-reform-act-understanding-two-areas-which-may-impact-employers-and-employees-now-meals-and-entertainment-and-moving-expenses) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [A Snapshot of How the New Tax Law Affects Individuals](https://info.machen.cpa/blog/a-snapshot-of-how-the-new-tax-law-affects-individuals) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Jan 08, 2018 [![](https://info.machen.cpa/hubfs/IFF_Tax_Law_SNIPPET_560x292.jpg)](https://info.machen.cpa/blog/a-snapshot-of-how-the-new-tax-law-affects-individuals) Here is a brief look at how the new Tax Cuts and Jobs Act bill affects individuals. [Full Story](https://info.machen.cpa/blog/a-snapshot-of-how-the-new-tax-law-affects-individuals) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax) ## [Tax Cuts and Jobs Act Bill](https://info.machen.cpa/blog/tax-cuts-and-jobs-act-bill) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Jan 02, 2018 [![](https://info.machen.cpa/hubfs/iStock-897796656-011918-edited.jpg)](https://info.machen.cpa/blog/tax-cuts-and-jobs-act-bill) On December 22, President Trump signed the Tax Cuts and Jobs Act bill into law.  The bill will impact virtually every individual and business on a level not seen in over 30 years. We have attached a summary of the key provisions.  [Full Story](https://info.machen.cpa/blog/tax-cuts-and-jobs-act-bill) Posted in [Tax Updates](https://info.machen.cpa/blog/topic/tax-updates) ## [Should You Buy a Business Vehicle Before Year End?](https://info.machen.cpa/blog/should-you-buy-a-business-vehicle-before-year-end) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Dec 11, 2017 [![](https://info.machen.cpa/hubfs/iStock-628408242-744696-edited.jpg)](https://info.machen.cpa/blog/should-you-buy-a-business-vehicle-before-year-end) One way to reduce your 2017 tax bill is to buy a business vehicle before year end. But don’t make a purchase without first looking at what your 2017 deduction would be and whether tax reform legislation could affect the tax benefit of a 2017 vs. 2018 purchase. [Full Story](https://info.machen.cpa/blog/should-you-buy-a-business-vehicle-before-year-end) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Can You Reduce 2017 Taxes by "Harvesting" Depreciated Stocks?](https://info.machen.cpa/blog/can-you-reduce-2017-taxes-by-harvesting-depreciated-stocks) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Nov 28, 2017 [![](https://info.machen.cpa/hubfs/IFF_HarvestLosses_IMAGE_560x292.jpg)](https://info.machen.cpa/blog/can-you-reduce-2017-taxes-by-harvesting-depreciated-stocks)   This is the time of year to start thinking about depreciated stock, it may help you reduce your 2017 tax bill. [Full Story](https://info.machen.cpa/blog/can-you-reduce-2017-taxes-by-harvesting-depreciated-stocks) Posted in [Individual Tax Planning](https://info.machen.cpa/blog/topic/individual-tax-planning) ## [How Will the Proposed Tax Cuts and Jobs Act Impact You](https://info.machen.cpa/blog/tax-cuts-and-jobs-act) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Nov 08, 2017 [![](https://info.machen.cpa/hubfs/iStock-684151634-325298-edited.jpg)](https://info.machen.cpa/blog/tax-cuts-and-jobs-act) November 2, 2017, the House Ways and Means Committee Chairman, Kevin Brady, introduced a draft tax reform bill titled "Tax Cuts and Jobs Act." This proposed bill would overhaul the federal tax code with a majority of the provisions effective starting in 2018. Below is a brief summary of some of the proposed legislation. [Full Story](https://info.machen.cpa/blog/tax-cuts-and-jobs-act) Posted in [Tax Updates](https://info.machen.cpa/blog/topic/tax-updates) ## [Individual Taxpayers On Extension in 2017 Are Running Out of Time To File](https://info.machen.cpa/blog/taxpayers-on-extension-in-2017-are-running-out-of-time-to-file) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Oct 10, 2017 [![](https://info.machen.cpa/hubfs/iStock-522313493-462842-edited.jpg)](https://info.machen.cpa/blog/taxpayers-on-extension-in-2017-are-running-out-of-time-to-file) If you have not filed your taxes, you are quickly running out of time. The deadline for all individual taxpayers who filed for an extension is Monday, October 16, 2017, since October 15, falls on a weekend. You must file and pay any balance due next week. [Full Story](https://info.machen.cpa/blog/taxpayers-on-extension-in-2017-are-running-out-of-time-to-file) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax) [Previous](https://info.machen.cpa/blog/author/lesley-l-price-cpa/page/12) [Next](https://info.machen.cpa/blog/author/lesley-l-price-cpa/page/14) Search this site on Google Search Google ### Recent Posts ### Subscribe to Blog ### Posts by Category - [Business Tax (356)](https://info.machen.cpa/blog/topic/business-tax) - [Business Advisory (242)](https://info.machen.cpa/blog/topic/business-advisory) - [Payroll, HR & Benefits (124)](https://info.machen.cpa/blog/topic/payroll-hr-benefits) - [Audit & Assurance (113)](https://info.machen.cpa/blog/topic/audit-assurance) - [Accounting & Outsourcing (81)](https://info.machen.cpa/blog/topic/accounting-outsourcing) - [Individual Tax (75)](https://info.machen.cpa/blog/topic/individual-tax) - [Tax Planning (33)](https://info.machen.cpa/blog/topic/tax-planning) - [Tax Updates (25)](https://info.machen.cpa/blog/topic/tax-updates) - [Retirement & Wealth Management Planning (18)](https://info.machen.cpa/blog/topic/retirement-wealth-management-planning) - [Taxation (15)](https://info.machen.cpa/blog/topic/taxation) - [Alerts (13)](https://info.machen.cpa/blog/topic/alerts) - [Business Valuation (11)](https://info.machen.cpa/blog/topic/business-valuation) - [News & Events (11)](https://info.machen.cpa/blog/topic/news-events) - [Tax News (11)](https://info.machen.cpa/blog/topic/tax-news) - [Individual Tax Planning (10)](https://info.machen.cpa/blog/topic/individual-tax-planning) - [Not For Profit (10)](https://info.machen.cpa/blog/topic/not-for-profit) - [Retirement Planning (9)](https://info.machen.cpa/blog/topic/retirement-planning) - [Estate Planning (8)](https://info.machen.cpa/blog/topic/estate-planning) - [Manufacturing Industry Insights (7)](https://info.machen.cpa/blog/topic/manufacturing-industry-insights) - [Individuals (1)](https://info.machen.cpa/blog/topic/individuals) - [Insider (1)](https://info.machen.cpa/blog/topic/insider) - [Professional Standard News (1)](https://info.machen.cpa/blog/topic/professional-standard-news) see all [![Returning\_Value](https://info.machen.cpa/hs-fs/file-2504250850-jpg/Machen-Blog-Image/Returning_Value.jpg)](http://machenmcchesney.com/about-us/mission-and-values/) - [![AICPA](https://machenmcchesney.com/img/logos/aicpa.jpg)](https://www.aicpa-cima.com/) - [![NACVA](https://machenmcchesney.com/img/logos/nacva.jpg)](http://www.nacva.com/) - ![2026 INSIDE Public Accounting Top 400](https://machenmcchesney.com/img/2026-ipa-top-400.jpg) - ![2026 Best of Auburn-Opelika](https://machenmcchesney.com/img/2026-best-of-auburn-opelika.jpg) - [![2025 Best of OA](https://machenmcchesney.com/img/2025-best-of-oa.jpg)](https://oanow.com/exclusive/readerschoice/ballot-2025/) - ![2026 Best of OA Winner](https://machenmcchesney.com/img/2026-best-of-oa-winner.jpg) - [![2025 Accounting Today Regional Leaders](https://machenmcchesney.com/img/2025-accounting-today-regional-leaders.jpg)](https://www.accountingtoday.com/) - [![ClearlyRated Best of Accounting](https://machenmcchesney.com/img/2024-best-of-accounting.jpg)](https://www.clearlyrated.com/accounting) - [![ClearlyRated Best of Accounting Employee](https://machenmcchesney.com/img/2024-best-of-accounting-employee.jpg)](https://www.clearlyrated.com/accounting) 1820 East University Drive, Auburn, AL 36830 | Tel: (334) 887-7022 | Fax: (334) 887-7221 1761 Taliaferro Trail, Montgomery, AL 36117 | Tel: (334) 244-8900 | Fax: (334) 364-0927 † This is not a CPA firm. \* Assurance, attest, and audit services provided by Frazier & Deeter, LLC. “Frazier & Deeter” is the brand name under which Frazier & Deeter, LLC\* and Frazier & Deeter Advisory, LLC† and its subsidiary entities provide professional services. 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