Tax Cuts and Jobs Act

/Tax Cuts and Jobs Act

Tax Cuts and Jobs Act

Tax Cuts and Jobs Act alert

Tax Cuts and Jobs Act alert: Today, the IRS  has issued Notice 2018-76 providing guidance on the business expense deduction for meals and entertainment.  For more information, contact your Dean Dorton advisor or Melissa [...]

October 3rd, 2018|Tax, Tax Cuts and Jobs Act, Uncategorized|

The TCJA’s changes to individual income taxation

By Erica Horn, CPA, JD While it is possible you missed it, it's doubtful. The first major reform of the federal tax code in 30 years was enacted into law at the end of [...]

April 20th, 2018|Tax, Tax Cuts and Jobs Act, Uncategorized|

Tax Cuts and Jobs Act: 21% Federal Corporate Tax Rate Impact on Business Value

Stock market analysts and commentators have credited the Tax Cuts and Jobs Act with boosting market prices during late 2017 and early 2018. As we have discussed in previous articles, the tax code reform [...]

April 1st, 2018|Tax, Tax Cuts and Jobs Act|

Tax Cuts and Jobs Act: Qualified Business Income Deduction, Part 3

In the first two parts of this Tax Cuts and Jobs Act QBI deduction series, we discussed the computation of the deduction and the businesses and income that qualified for the deduction. In Part 3, [...]

March 15th, 2018|Tax, Tax Cuts and Jobs Act|

Tax Cuts and Jobs Act: Impact for Real Estate, Vol. 5

The fifth and final installment is somewhat of a smorgasbord of information that is relevant to the real estate industry, but not as tax law intensive as our previous installments. Like-kind exchanges [...]

March 12th, 2018|Real Estate, Tax, Tax Cuts and Jobs Act|

Tax Cuts and Jobs Act: Qualified Business Income Deduction, Part 2

In Part 1 of this Tax Cuts and Jobs Act QBI deduction series, we discussed the computation of the deduction and the limitations on the deduction based on wages, property, and taxable income. In Part [...]

March 7th, 2018|Tax, Tax Cuts and Jobs Act|

Tax Cuts and Jobs Act: Impact for Real Estate, Vol. 4

In our fourth installment, we will discuss the new expansion of the limitation on the deduction of interest expense. For tax periods beginning after December 31, 2017, the limitation has been expanded to include [...]

March 5th, 2018|Real Estate, Tax, Tax Cuts and Jobs Act|

Tax Cuts and Jobs Act: Qualified Business Income Deduction Part 1

The Tax Cuts and Jobs Act includes a new deduction for individual business owners who conduct their activities through a sole proprietorship, partnership, or S corporation. Trusts and estates are also eligible to claim [...]

February 28th, 2018|Tax, Tax Cuts and Jobs Act|

Tax Cuts and Jobs Act: Impact for Real Estate, Vol. 3

For the third installment of our series, we will discuss excess business losses and net operating losses for individual taxpayers. Previously, individuals offset business losses against all other income (subject to passive and basis [...]

February 24th, 2018|Real Estate, Tax, Tax Cuts and Jobs Act|

Tax Cuts and Jobs Act: Impact for Real Estate, Vol. 2

Previously, we discussed changes to and expansion of existing tax law. In this installment, we will be addressing tax law that is entirely new. As such, there are still areas that will require further [...]

February 21st, 2018|Real Estate, Tax, Tax Cuts and Jobs Act|