Amended Tax Return Essentials
From time to time, Denver area business owners uncover an error on their business or individual tax return. This can happen when a review of prior year returns reveals that credits or deductions were missed which would entitle the taxpayer to an increased refund. It...
Key Details on Qualified Opportunity Zones
When tax reform, known as the Tax Cuts and Jobs Act, was signed into law in December of 2017, it ushered in significant changes to the tax code. For individuals, there were many including as an increase in the standard deduction, repeal of the personal exemption,...
Section 199a Guidance for Real Estate Companies
The Qualified Business Income Deduction (also known as Section 199a deduction) has provided many Denver area pass-through business owners a new tax savings opportunity. The deduction allows certain taxpayers to take a deduction equal to 20% of their qualifying...
199A Deduction Regulations Made Final
Recently, the IRS released final regulations providing guidance on the Qualified Business Income Deduction, also known as the Section 199A deduction. This guidance was originally released as proposed regulations back in August, and after a few tweaks and adjustments,...