A safe harbor for rental real estate to qualify for the qualified business income deduction is now allowed.
IRS provides additional guidance on bonus depreciation under the TCJA
Final IRS regulations (along with additional proposed regs) for the first-year 100% bonus depreciation deduction have been published. Do you know how they might affect your business’s tax bill?
DOL expands retirement plan options for smaller businesses
The costs involved with funding a retirement plan for employees can greatly burden a small business. The U.S. Dept. of Labor has issued a final rule that can ease the burden.
Congress acts to reform the IRS, enhance taxpayer protections
The Taxpayer First Act is a wide-ranging IRS reform bill that also includes various other provisions that protect taxpayers’ rights. Here are the details.