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Opportunity Zone Frequently Asked Questions
How long will QOZ designations remain in effect? Specific census tracts in distressed communities that were granted QOZ designation will retain their QOZ status until December 31, 2028. QOZ investments […]
Depreciation-Related Breaks On Business Real Estate: What You Need To Know When You File Your 2018 Return
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation period. (Land isn’t depreciable.) […]
Estate Planning For The Rest Of Us
Estate planning is not merely for the top 1% anymore; every single one of us can benefit from an estate plan, regardless of the amount of wealth we expect to […]
Qualified Business Income Deduction – Which Industries Are In, And Which Are Out?
Article written by: Jennifer Zimmerman, CPA Tax Manager The new Qualified Business Income Deduction under Code Section 199A is one of the most talked-about changes signed into law as […]
Tax Cuts and Jobs Act Increases Code Section 179 Expensing Limitations
Article written by: Ashley Neel, CPA Tax Senior A favorable provision in the Tax Cuts and Jobs Act (TCJA) is the increased expensing limits and phase-out threshold of Code […]
The TCJA Temporarily Expands Bonus Depreciation
Bonus depreciation allows businesses to deduct more of an asset’s cost in the year the asset is placed in service. The new tax law’s enhanced bonus depreciation provision may save tax on your 2017 return.