Tax - Your Tax Matters Partner

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

by admin | Dec 27, 2018 | History, Tax

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

by admin | Dec 20, 2018 | Tax

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...

IRS And Marijuana – Reefer Madness – Tax Court Harborside Decision

by admin | Dec 17, 2018 | Tax

Originally published on Forbes.com. The federal tax treatment of state-legal marijuana businesses makes no sense. As I used to tell staff who made “no sense” comments – That’s not a requirement. That is the basis of Reilly’s First...

Tax Cut Bonanza For Retailers And Wholesalers

by admin | Dec 9, 2018 | Tax

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

by admin | Dec 6, 2018 | Tax

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...

The Thinking Behind The Tax Cuts And Jobs Act – Assuming There Was Some

by admin | Nov 29, 2018 | Tax

Originally published on Forbes.com. Linda Sugin, Associate Dean for Academic Affairs, at Fordham University School of Law thinks about the Tax Cuts And Jobs Act in a much different way then practitioners like myself think about the act. While we are contemplating how...