Part 3: Tax Planning for Real Estate Investors: Understanding Depreciation and Recapture

When working with clients on real estate investments, you will need to prepare them for a higher level of tax complexity. This might mean encouraging

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How 1400z Opportunity Zone Investment Drastically Reduces Capital Gains

To taxpayers facing large capital gains, very few strategies exist to defer or eliminate the tax altogether. That all changed with tax reform. The Tax

IRS Services Are Available During the Government Shutdown: What You Need to Know

As the longest government shutdown in US history continues, many Americans are wondering how IRS services are being affected. An IRS-wide furlough began on December

Breaking Down the New Mortgage Deduction Rules

Homebuying and homebuilding are good for the economy. That fact, and not lawmakers’ desire to give working families a break, is what makes the mortgage

Dealing With The New Alimony Deduction Rules

For about a generation, spousal support payments have been tax-deductible for obligors and alimony receipts have been tax-reportable for obliges. Effective January 2019, the times

Reassessing Some SALT Deduction Workarounds

In the runup to the 2017 tax reform package, the State And Local Tax deduction “loophole” fell into the crosshairs. Lawmakers predicted that lowering the

Why Are Tax Industry Experts Leary of Proposed Tax Cuts?

We don’t always agree and regardless the issue, there are always arguments on both sides, and discussions are often heated. Expect nothing less toward proposed

Is The New Tax Cut For Qualified Improvement Property Unfair to Restaurants?

Some laws are enacted because they appear to provide solutions to issues in need of resolution. That seemed to have been the case with the

IRS Encourages Tax Pros to WARN Clients: ID Theft Against Employers

A swelling wave of identity theft attempts against employers has the IRS pretty concerned. So much so, it is offering advice about how business owners

Taxpayers Proceed With Caution Warns the IRS

Not so fast, taxpayers! Proceed with caution, warns the IRS, after New York and New Jersey approved workarounds involving charitable organizations. Earlier this year New