Tax

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Cost Segregation study, valuable tax savings imbedded in buildings

If you own real estate and pay federal income taxes, you can benefit from the results of a cost segregation study. A cost segregation study is an analysis performed by trained professionals to identify property [...]

December 19th, 2018|Real Estate, Tax, Uncategorized|

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|

Kentucky sales tax changes: Your questions answered

Kentucky's new sales tax laws: FAQ If an organization holds a special fundraising event, is the entire ticket price subject to sales tax, even if a portion of the ticket price is considered a charitable [...]

Bonus depreciation: How TCJA changes can impact your business

You are probably aware that late last year, The Tax Cuts and Jobs Act (TCJA) made substantial alterations to the tax laws, resulting in sweeping changes to individuals and businesses. Although not specifically addressing the [...]

July 9th, 2018|Tax, 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|

Kentucky General Assembly Passes Significant Changes to Kentucky’s Tax Code

After vigorous debate on the floors of both the Kentucky Senate and House of Representatives, on Monday, April 2, the General Assembly passed the Free Conference Committee Substitute for HB 366. The bill, which [...]

April 3rd, 2018|Tax|

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|