Posts from Mitch Estling
Did You Know: Tax Cuts and Jobs Act Relates to Like-Kind Exchanges
Exchanges of personal property and intangible property can’t qualify as tax-free like-kind exchanges. That goes for all businesses!
Tax Cuts and Jobs Act of 2017: Last-Minute Year-End Moves to Consider
Congress is enacting the biggest tax reform law in 30 years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill and the amount of federal tax you will pay.
Comparison of House and Senate Tax Bill Recommendations
As another piece of the tax reform puzzle falls into place with the passing of the Senate tax bill on December 2nd, many are struggling to keep straight the various proposed tax changes that could potentially affect them and their organizations.
Section 199 – What It Is and How It May Change with Tax Reform
The Domestic Production Activities Deduction (DPAD), was enacted as part of the American Jobs Creation Act of 2004. It is also referred to by its tax code, section 199. DPAD was created to provide tax relief for businesses that produce goods in the United States rather than overseas. This includes individuals, C and S corporations, […]
Senate Unveils Tax Plan with Some Key Differences from House Proposal
The Senate Finance Committee released its proposed tax reform bill. It contains many of the same proposals as the House bill but does have several differences, most notably not curbing the mortgage interest deduction, more individual tax brackets, pass-through business income differences and not repealing estate tax. The Senate plan would also delay the implementation […]