IssuesWatch Podcast

Trust and Estate Income Tax Returns Under the TCJA

Posted: March 22, 2019
Preparers of these so-called fiduciary returns should review changes - including new opportunities for tax savings - enacted by the law known as the Tax Cuts and Jobs Act.

Highlights of Opportunity Zone Tax Benefits

Posted: March 20, 2019
The Tax Cuts and Jobs Act generally allows a deferral of capital gains that are reinvested in certain designated areas called Opportunity Zones. Learn what you need to know to qualify for this tax benefit.

Two Ways the 199A Deduction Has Changed Retirement Planning

Posted: February 21, 2019
The Tax Cuts and Jobs Act has created the Sec. 199A deduction, which could affect retirement-planning strategies used by business owners. For example, those who have income that is too high to qualify for the full deduction might want to contribute to retirement accounts to lower taxable income.

Final Section 199A IRS Regulations Propose Safe Harbor for Rental Real Estate

Posted: January 30, 2019
In response to arguably the most requested clarification from tax professionals, Notice 2019-07 issued a proposed revenue procedure containing a safe harbor under which a rental real estate enterprise will be treated as a trade or business solely for purposes of §199A.

The Ins and Outs of the Section 199A Regulations

Posted: January 29, 2019
The IRS has issued final regulations providing guidance on the Section 199A deduction for qualified business income. The final regulations provide clarification on issues such as when businesses may be aggregated in determining QBI, how real estate rented to an operating business is treated and what constitutes a specified service business.

Tax Changes Affecting Family Law

Posted: January 28, 2019
The Tax Cuts and Jobs Act (TCJA) made far-reaching changes including those that are relevant to divorce. Here are some highlights of the TCJA’s tax modifications that affect family law.