individual income taxes

Sec. 199A Changes Investment Portfolio Construction

June 4, 2018 By Steve 5 Comments

The new Sec. 199A "pass-thru" deduction mostly matters to sole proprietors, partnerships, S corporations and real estate investors. In a nutshell, … [Read more...] about Sec. 199A Changes Investment Portfolio Construction

May 21, 2018 By Steve

Okay, a weird thing about the pass-thru "Sec. 199A deduction” created by the new tax law. Sec. 199A changes retirement planning for some small … [Read more...] about Sec. 199A Changes Retirement Planning

May 7, 2018 By Steve

On March 22, 2018, the President signed into law the Sec. 199A technical corrections that fix the grain glitch. The bad news with these Sec. 199A … [Read more...] about Sec. 199A Technical Corrections Fix Grain Glitch

April 30, 2018 By Steve

Some S corporation owners are starting to ask about Sec. 199A S corporation dissolution. In other words, should an S corporation dissolve to … [Read more...] about Sec. 199A S Corporation Dissolution

April 23, 2018 By Steve

Are you worried about a real estate professional audit? You maybe should be if you're using the real estate professional designation to sidestep … [Read more...] about Real Estate Professional Audit Troubles

April 15, 2018 By Steve

If you can’t file a tax return by April 17, 2018—the due date for 2017 returns given that April 15 falls on a Sunday and April 16 is a holiday in … [Read more...] about How to Extend Tax Return Last Minute

April 9, 2018 By Steve

The first 2018 estimated tax payment comes due next week. And to make that deposit, small business owners should calculate the new Sec. 199A deduction … [Read more...] about 199A Deduction: Calculating Your Tax Savings

March 19, 2018 By Steve

The meals and entertainment deduction rules for 2018 differ from those used in the past. If you’re a business owner or real estate investor, you … [Read more...] about Meals and Entertainment Deduction Rules for 2018 and Beyond

February 19, 2018 By Steve

The Tax Cuts and Jobs Act of 2017 creates new mortgage interest deduction rules. I’m going to briefly describe the new rules, therefore, so you can … [Read more...] about New Mortgage Interest Deduction Rules

January 5, 2018 By Steve

Starting in 2018, S corporations face a new complexity when setting shareholder-employee salaries. While setting a low salary saves payroll taxes, … [Read more...] about S Corporation Shareholder Salaries and Sec. 199A Deduction