A few weeks ago, the Internal Revenue Service issued a notice stating they would be preparing regulations and guidance to clarify the treatment of income re-characterized for purposes of working around the new $10,000 cap…
More ➤California can be a great market for selling goods with its large and diverse population. However, entering this market is fraught with additional tax requirements and fees. For instance, Corporations are taxed at 8.84% in…
More ➤The Tax Cuts and Jobs Act (TCJA) has done a stellar job of removing all or part of the “deduction” from the Meals and Entertainment Deduction. Entertainment Expenses Business related entertainment deductions turned out to…
More ➤One of the changes to itemized deductions because of the Tax Cuts and Jobs Act of 2017 was the suspension of the deduction on interest on up to $100,000 of home equity indebtedness. The Internal…
More ➤The Tax Cut and Jobs Act – How does it affect non-corporate taxpayers with business income? The Tax Cut and Jobs Act decreased the tax rate for corporations from graduated rates of up to 35%…
More ➤
