Mar 28, 2019 | Tax Impact Articles
Investors willing to make long-term investments in distressed communities now have a powerful tax incentive for doing so: the Qualified Opportunity Zone (QOZ) program, created by the Tax Cuts and Jobs Act (TCJA). The program allows investors who recognize capital... continue reading »
Mar 28, 2019 | Tax Impact Articles
The Tax Cuts and Jobs Act (TCJA) has made a significant impact — both directly and indirectly — on the deductibility of interest expense. Here’s a quick review of where things now stand. 5 types of interest Interest expense generally falls within one of five... continue reading »
Mar 28, 2019 | Tax Impact Articles
If you receive the diagnosis of a terminal illness, likely the last thing on your mind is estate planning. But taking the time now to get your affairs in order can provide you and your family some peace of mind. What to do first Here are some (but by no means all) of... continue reading »
Mar 28, 2019 | Tax Impact Articles
Exporters, does an IC-DISC still make sense? In recent years, the interest-charge domestic international sales corporation (IC-DISC) has been a popular tax-reduction tool for exporters. Without going into detail, one of the IC-DISC’s most powerful tax-saving tools is... continue reading »
Jan 31, 2019 | Tax Impact Articles
News & Resource Center Tax Impact Newsletter Before Congress passed the Tax Cuts and Jobs Act (TCJA), most business-related interest expense was deductible, although corporations couldn’t deduct interest paid to or guaranteed by a related party under certain... continue reading »
Jan 31, 2019 | Tax Impact Articles
News & Resource Center Tax Impact Newsletter By temporarily doubling the gift and estate tax exemption, the Tax Cuts and Jobs Act (TCJA) opened a window of opportunity for affluent families to transfer assets tax-free. To take advantage of the higher exemption amount,... continue reading »