Qualified Business Income.
I’ve written about this before. Most recently this past June. So, why am I writing about this again?
Qualified Business Income.
I’ve written about this before. Most recently this past June. So, why am I writing about this again?
I have written about the QBI (qualified business deduction) a few times. And, it is now the law of the land- affecting each and every pass-through entity.
I’ve discussed the new QBI (Qualified Business Income) regulations several times over the past few months. That’s the new classification that the Tax Cut & Jobs Act has provided to afford pass-through businesses the ability to shield 20% of their profits from income taxes.
One of the largest components (by number of practitioners) in our financial and managerial advisory services is real estate.
I know many of you are wondering what the new tax law will do to your situation.
Well, the IRS finally (yes, during the furlough) has issued two sets of regulations that will make life much better for those of us who run companies.
Continue reading The IRS has issued regulations! During the furlough!
I know. The government is shut down. And, I have no idea if this ridiculous situation will last two more days, two more weeks, or longer. (I am betting if it goes longer than 2 weeks, there will be a veto override to open the USA for business.)