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Pass-Through Deduction (199A) Will Fuel Wealth Inequality

Originally published on Forbes.com. Christmas came early for tax pros this year.  As a kind of stocking stuffer, the IRS gave us a draft of Publication 535 that explains the qualified business income deduction. And then there was the big present from the Joint...
Crackdown On Conservation Easement Syndications

Crackdown On Conservation Easement Syndications

Originally published on Forbes.com. The Justice Department is taking on abusive conservation easement syndications.  A complaint was filed on December 18 in the Northern District of Georgia seeking an order stopping Nancy Zak of Forever Forests LLC,  appraiser Claud...

Tax Cut Bonanza For Retailers And Wholesalers

Originally published on Forbes.com. Whatever they were thinking, assuming they were thinking, when they passed the Tax Cuts and Jobs Act(TCJA), wiping out more than a year’s worth of taxable income of retailers and wholesalers that gross less than $25 million...

Law Professor Argues New Pass-Through Rules (199A) Are Horrible

Originally published on Forbes.com. When it comes to new Code Section 199A (often referred to as the pass-through rules) and Professor Daniel Shaviro of NYU, don’t get him started.  He had his piece Evaluating The New US Pass-through Rules published in a UK...