Fundamentals of the Qualified Business Income Deduction
Tax reform ushered in many tax law changes that business and individual taxpayers can leverage to reduce their taxable income. While it’s true the overall tax rate was reduced, it’s also true that many of the other tax-saving benefits were sharply reduced or...
Tax Planning Update – Opportunity Zone Guidance Issued by IRS
As the end of the year approaches many individual and business taxpayers are searching for ways to reduce their overall taxes. This has proven challenging for many because the sweeping changes implemented by the Tax Cuts and Jobs Act of 2017 (tax reform), has...