Insights

  • image

    Opportunity Zone Resource Center

    December 11th, 2019

    The Tax Cuts and Jobs Act of 2017 created a tax incentive program to stimulate investment in distressed communities that have been designated as Qualified Opportunity Zones (OZs). These tax friendly investments are made through Qualified Opportunity Funds, which are partnerships and corporations organized for the purpose of owning property within OZs. The rules for […]

    read more

  • image

    Real Estate Partnerships Beware! Interest Deductions May Be Limited by Tax Shelter Status.

    December 9th, 2019

    Author: Rita Zhang, Sr. Tax Associate | Editor: Phuong Mayer, Director A provision in the Tax Cuts and Jobs Act of 2017 (TCJA) that limits business interest expense for certain taxpayers is creating headaches for real estate partnerships. Careful planning is required to make sure you are maximizing deductions. Prior to 2018, taxpayers could generally deduct […]

    read more

  • image

    New Reporting Requirements for Opportunity Funds

    November 3rd, 2019

    This week taxpayers got a preview of what the new tax reporting requirements for 2019 could look like with respect to Qualified Opportunity Funds. On October 30th, the IRS released a Draft Form 8996, the tax form that Opportunity Funds use to self-certify compliance with Opportunity Zone rules. The initial version of Form 8996 was […]

    read more

  • image

    QBI for Landlords… the Value of Good Record-Keeping Just Increased

    October 14th, 2019

    This material has been prepared for informational purposes only. It is not intended to provide, nor should be relied upon for, tax advice.    By now, you probably know that the Tax Cuts and Jobs Act of 2017 provided some good news for business owners in the form of a new 20% Qualified Business Income […]

    read more

  • image

    2019-2020 Tax Planning Guide

    October 13th, 2019

    Welcome to the 2019-2020 TAX PLANNING GUIDE. This booklet is intended to inform you of the new developments in the world of business and individual taxation. It can also help trigger tax planning ideas and strategies as we enter the last quarter of 2019 and head into 2020. The impacts of the Tax Cuts and […]

    read more