Articles & Publications

2019 Tax Provisions: Extenders Bill, ACA Tax Repeal, SECURE Act

Averting another government shutdown, President Trump signed a $1.4 trillion spending package which will fund the government until September 30, 2020.  As part of the spending package, there are several tax provisions including an ‘extenders’ bill, the SECURE Act. Read More >>

2019 Year End Tax Planning for Business and Individuals

With the 2017 Tax Cuts and Jobs Act (TCJA) changing the playing field in the tax realm, there are several approaches you may want to consider before year-end to help minimize your tax burden. Below are some of the. Read More >>

IRS Releases Proposed Regulations to Clarify Qualified Business Income Deduction

When tax reform passed in December last year, corporations received a lower tax rate of 21%, while rates were slightly reduced for individuals. To give a similar benefit to businesses organized as pass-through entities tax reform enacted a 20%. Read More >>

Tax Reform Series #7: Carried Interest Extended to 3-Year Holding Period

The Tax Cuts and Jobs Act of 2017 (“TCJA”) adoption of Internal Revenue Code (“Code”) Section 1061 is targeted at hedge and private equity funds. The TCJA extends the holding period for favorable long-term capital gain treatment related to. Read More >>

Tax Reform Series #2: Limitations on Business Interest

This week’s alert discusses the Tax Cuts and Jobs Act’s broad limitations imposed on the deductibility of business interest expense. Previously, only interest deductions of C-corporations were limited in situations where the income was not being taxed by the. Read More >>

Bipartisan Budget Act of 2018 Extends Many Expired Tax Provisions Through 2017

The Bipartisan Budget Act of 2018 (The Act) was passed by the House and Senate in the early morning hours of February 9, 2018, and President Trump signed the bill later that day. There were 32 tax “extenders” (constantly. Read More >>

Trump’s Tax Reform: What’s in the Final Version?

On December 19, 2017, with a vote of 227-203, the House passed the final tax reform bill and the Senate followed with a vote of 51-48.  Due to a technicality on the bill, on December 20 the House re-voted. Read More >>

GOP Leaders Reveal Tax Reform Bill

On Nov. 2nd, Kevin Brady, Chairman of the House Ways and Means Committee, introduced the “Tax Cuts and Jobs Act” (H.R. 1) which would overhaul and “simplify” the tax code.  We have summarized below some of the more prevalent. Read More >>

Commonly Overlooked Items for Maintaining S Corporation Election

  S Corporations offer the benefit of passing income through to shareholders for taxation instead of being double taxed, once at the entity level, and once as a dividend when profits are distributed. To maintain S Corporation status, there. Read More >>

Tax Reform Framework Released

  The Trump Administration, the House Ways and Means Committee, and the Senate Finance Committee have released a Framework for Tax Reform. The unified framework is intended to be used as the foundation to craft tax legislation and to serve as the template. Read More >>