Tax - Your Tax Matters Partner

Types Of Work That Will Not Qualify For 20% Deduction – Some Devilish Details

by admin | Dec 27, 2017 | Tax

Originally published on Forbes.com. The 20% deduction for those of us with qualified trade or business income (Section 199A) is, in my neck of the woods, the most exciting provision of what was called the Tax Cuts and Jobs Act. (I think I will stick with TCJA since...

Tax Bill’s Effect On Reported Earnings – How Big A Deal?

by admin | Dec 24, 2017 | Tax

Originally published on Forbes.com. When President Trump signed the tax bill yesterday, there was an immediate effect on the reported earnings of every US company that reports using Generally Accepted Accounting Principles. There will be some companies with very...

Tax Free Housing Benefits For Clergy Will Be Safe For The Present

by admin | Dec 23, 2017 | Tax

Originally published on Forbes.com. Tax news of interest to clergy has been drowned out by coverage of the Tax Cuts and Jobs Act. Last week on December 13, Judge Barbara Crabb issued her promised ruling on how her earlier decision that Code Section 107(2) – the...

New York Times Has Trouble Finding Tax Accountants To Discuss Tax Bill

by admin | Dec 22, 2017 | Tax

Originally published on Forbes.com. The drama and excitement of being an accountant when major tax legislation comes out is the theme of a New York Times article by Tiffany Hsu and Julie Creswell – Tax Bill Is Great for Accountants – Unless They Have...

Retroactive Depreciation Changes Encourage Closing Deals Before Year End

by admin | Dec 21, 2017 | Tax

Originally published on Forbes.com. The Tax Cuts and Jobs Act has radically changed the rules for bonus depreciation at least for a while. Instead of 50%, we will be getting 100%. And what is really exciting is that bonus depreciation will apply to used...

Conference Agreement Splits The Difference Between House And Senate On Commercial Real Estate

by admin | Dec 19, 2017 | Tax

Originally published on Forbes.com. The Editorial Board of the New York Times is outraged about the thoroughly wicked provisions concerning real estate in the Tax Cuts and Jobs Act. I have found that the New York Times tends to be a little weak in its tax analysis so...