Financial Planning Using Qualified Opportunity Zones
The Tax Cuts and Jobs Act of 2017 (TCJA) expanded the federal estate, gift, and generation-skipping transfer tax exemption amounts, dramatically changing the landscape of estate tax planning. Less appreciated has been the TCJA’s creation of a new tax-de - ferred investment opportuni... Kevin Matz, CPA, JD
Understanding the Complexity and Confusion Over Internal Revenue Code Section 199A
The 2017 Tax Cuts and Jobs Act (TCJA) created a 20 percent qualified business income (QBI) deduction for non-C corporation businesses. On August 16, 2018, the IRS, as part of the rulemaking process inherent to administrative law, opened the proposed ... Christine Kuglin, EA, JD
Post-TCJA Qualified Personal Residence Trust Planning
The sweeping changes of the Tax Cuts and Jobs Act (TCJA) have prompted a reconsideration of many financial plans. The realm of estate planning will be especially affected by the TCJA’s doubling of the federal estate tax exemption. The author presents a hyp... Martin Shenkman, CPA/PFS, JD, AEP
The QBI Effect – §199A
This topic can easily occupy several hours. So, what is all the hype about? Qualified business income (QBI) qualifies a small business to deduct up to 20 percent off its net income. This is income that normally gets reported on Form 1040. This includes sole proprietors, andlords, farmers, p... Ben A. Tallman, EA, USTCP