Cost Segregation Study Savings Increase With Tax Reform

Tax reform brought major changes, and we’ve covered them extensively in our blogs: lowering of the corporate tax rate, lower rates for “pass through” entities,… Read More…

Take Me Out to the Ballgame — or Not! Meals and Entertainment Deduction Slashed

For decades, small and large businesses alike have been able to deduct many of their business-related and meal expenses. That all may be changing thanks… Read More…

4 Retroactive Energy Tax Breaks Now Accepted by IRS

Retroactive energy tax breaks are now being accepted for 2017 returns. Four additional tax benefits recently renewed retroactively into law can now be claimed on… Read More…

Senate Passes Changes to Dodd-Frank

In a 67-31 vote yesterday, the Senate passed a measure which would make significant changes to the Dodd-Frank Wall Street reform law of 2010. The… Read More…

New Tax Benefit for Private Foundations Could Help Charitable Family Business Owners

A little-explored aspect of The Bipartisan Budget Act, signed into law on February 9, 2018, may be a boon to individuals who want to use… Read More…

IRS To Process Some Retroactive Tax Breaks

Last week we brought to your attention tax extenders made retroactive by the recent bipartisan budget deal. Again, those are tax breaks that had expired… Read More…

New Tax Laws Affect Nonprofits

New tax laws affect nonprofits in numerous ways.   There’s a lot of chatter out there about the Tax Cuts and Jobs Act’s doubling of… Read More…

Congress Makes Many Tax Extenders Retroactive

The newly passed bipartisan budget deal makes many tax extenders retroactive to this year.  Since the end of 2016, the fate of several expired tax… Read More…

New Budget Deal Contains Important Tax Provisions for NASCAR, Small Private Colleges, Others

In the early hours of Friday morning last week, Congress passed a sweeping $400 billion budget deal that breaks through previous spending caps and suspends… Read More…

More Generous Tax Break for Medical Expenses

Detailing the changes in tax law made by the Tax Cuts and Jobs Act is one thing, but now that tax season is in full… Read More…