Home Office as Qualified Property for Section 199A Purposes
A question was raised as to whether a home office can be included in the total of qualified property used in determining QBI when using t...
Read moreFrom the learning center
The Tax Professionals Blog · 446 articles
Disaster Loss FMV Safe Harbor is Misleading
Rev. Proc. 2018-8 can be quite misleading. Under the “purpose” the Rev. Proc. leads the reader to believe that the Rev. Proc. provides an...
Read more
Failing to Correct an Excess 401(k) Contribution May Have Consequences
One of our ClientWhys forum members asked what the options were where a client had changed jobs and total contributions to the 401(k) pla...
Read more
Acquisition Debt: Must It Be Concurrent with The Purchase?
Recently an interesting question arose whether a loan must be obtained simultaneously with the close of an escrow for the purchase of pro...
Read more
Lease Buy-Out: Tax Free or Taxable?
An interesting situation arises when a landlord makes an offer to a tenant to buy out the tenant’s lease. This recently occurred when an ...
Read more
Revoking the Bonus Depreciation Election
Ever wonder if you can revoke an election not to claim bonus depreciation? Generally, the election out of bonus depreciation can only be ...
Read more