You probably need to prepare for the holidays you and your family celebrate. Or maybe start work on some year-end accounting. Accordingly, I want … [Read more...] about Sobering Up About Qualified Opportunity Zones
individual income taxes
Planning for the Warren Wealth Taxes
Normally, we don’t blog about proposed tax legislation. Especially something like Elizabeth Warren’s wealth tax proposals. She hasn’t even won her … [Read more...] about Planning for the Warren Wealth Taxes
Maximize Depreciation Deductions under the Tax Cuts and Job Act of 2017
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
Vacation Rental Tax Shelters
Potentially, a vacation rental tax shelter generates extremely large tax deductions for an investor. Even better, almost anybody can use a vacation … [Read more...] about Vacation Rental Tax Shelters
Final Section 199A Regulation Correction: Separate v. Separable
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
The Lost Tax Deductions Under New Law
Over the last year, you’ve surely read or heard that many long-standing deductions go away. In this short blog post, I’m going to review these lost … [Read more...] about The Lost Tax Deductions Under New Law
Section 199A Qualified Business Income Deduction Danger Zones
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
Section 951A GILTI Tax Avoidance: Ten Tricks
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
Real Estate Broker Section 199A Deduction
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
Section 962 Election: An Answer to GILTI?
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?