Taxesq - IRS Audit and Business Tax Estate Attorney Cherry Hill NJ

Defer tax with a Section 1031 exchange, but new limits apply this yearNormally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 “like kind” exchange. However, the...

Meals, entertainment and transportation may cost businesses more under the TCJAAlong with tax rate reductions and a new deduction for pass-through qualified business income, the new tax law brings the reduction or elimination of tax deductions for certain business expenses. Two expense areas where the...