The new tax law includes amendments to IRS Code Section 1031 for like-kind exchanges of real estate and other types of property. This post explains what has changed in the new law and property types for which you'll still be able to defer capital gains...
Prior to the Tax Cuts and Job Acts, a business owner generally could deduct 50% of business related meals and entertainment expenses. Meals provided to an employee on the business premises for the convenience of the employer were generally 100% deductible. The new tax law...
Before the Tax Cuts and Jobs Act, individuals who itemized their deductions could take certain miscellaneous itemized deductions to the extent that those deductions exceed 2% of their adjusted gross income (AGI). These deductions included several types of unreimbursed employee business expenses.
As of December...
In December 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law. Included were changes to the Internal Revenue Code that impact taxpayers engaged in the real estate business, and those who otherwise own real estate. This must-read post takes you through some...
