Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
A NET OPERATING LOSS ON YOUR 2017 TAX RETURN ISN’T ALL BAD NEWS When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs. If when filing your 2017 income tax return you found that your business had an NOL, there is an upside:...
Business Tax Law Changes The following is my client letter addressing the Business Tax Law Changes in the Tax Cuts and Jobs Act of 2017: On December 22, the President signed into law the Tax Cuts and Jobs Act of 2017 (TCJA). The 503-page TCJA is the largest tax...
TAX CUTS AND JOBS ACT: KEY PROVISIONS AFFECTING BUSINESSES The recently passed tax reform bill, commonly referred to as the “Tax Cuts and Jobs Act” (TCJA), is the most expansive federal tax legislation since 1986. It includes a multitude of provisions that will have a...
Net Operating Loss Carryovers for Individuals The American Recovery and Reinvestment Act of 2009 (ARRA) provides individual taxpayers potential net operating loss (NOL) deductions. The IRS has provided opinions stating the ARRA applies to individuals. An “Eligible...
