business taxes

How the IRS Destroyed the Section 199A Deduction for Small Business S Corporations and Partnerships

September 4, 2019 By Steve 2 Comments

I’ve got some bad news, unfortunately. The IRS may have destroyed or dramatically reduced your Section 199A deduction. At least if you’re a typical … [Read more...] about How the IRS Destroyed the Section 199A Deduction for Small Business S Corporations and Partnerships

July 22, 2019 By Christian Block

The Tax Cuts and Jobs Act (TCJA) of 2017 created new depreciation rules. And both business owners and real estate investors want to learn the new … [Read more...] about Maximize Depreciation Deductions under the Tax Cuts and Job Act of 2017

March 15, 2019 By Steve

On February 1, 2019, the IRS published a corrected version of their final regulations for Section 199A (available here). The corrections include a … [Read more...] about Final Section 199A Regulation Correction: Separate v. Separable

January 10, 2019 By Steve

You have probably already heard the bad news. Partnership Section 199A deductions get limited or even eliminated in many situations. If you’re a … [Read more...] about Salvaging Partnership Section 199A Deductions

January 2, 2019 By Beth Nelson

If your company does business in Washington, then you likely need a Washington business license. Luckily, applying for a new business license in … [Read more...] about How to Apply for a Washington Business License

December 19, 2018 By Steve

Some bad news, I’m afraid. The new Section 199A qualified business income deduction creates a number of danger zones for taxpayers and their tax … [Read more...] about Section 199A Qualified Business Income Deduction Danger Zones

December 13, 2018 By Beth Nelson

For some small businesses and individuals, the new Section 951A GILTI tax creates a huge planning challenge and compliance burden. And what's … [Read more...] about Section 951A GILTI Tax Avoidance: Ten Tricks

December 10, 2018 By Steve

If you’re a real estate agent or broker, you may wonder whether the new Section 199A deduction works for you. And the short answer: Probably you … [Read more...] about Real Estate Broker Section 199A Deduction

November 19, 2018 By Beth Nelson

As you probably know if you’re reading this blog post, many investors and entrepreneurs with an international footprint face a painful new tax, the … [Read more...] about Section 962 Election: An Answer to GILTI?

November 8, 2018 By Beth Nelson

For either 2017 or 2018, many U.S. taxpayers with an interest in a foreign corporation owe(d) the § 965 transition tax. However, the new rule arrived … [Read more...] about Do You Owe the Section 965 Transition Tax?