Business Meals Under the Tax Cuts & Jobs Act
It is unclear whether or not business meals, those where a bona-fide business discussion takes place during the meal, are considered ente...
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The Tax Professionals Blog · 446 articles
1041 Allocation Of Estimated Payments & Withholding
In the final year of a 1041 the income is passed through to the beneficiaries and there is no tax assessed on the 1041. So when this occu...
Read moreSuspended Losses of Former Passive Activities
Former passive activities are not too common, but can cause confusion. There are several ways in which a tax return can include an item w...
Read moreRental Sale or Gift?
What happens when there is transfer of a business property to a related party when the transaction is part sale and part gift?
Read moreRoth Recharacterization Relief for 2017 Conversions
Prior to passage of the Tax Cuts & Jobs Act (TCJA) taxpayers were able to make a traditional to Roth IRA conversion in year 1, and th...
Read moreRentals & Section 199A Qualified Business Income Deduction – Unanswered Questions?
Neither the statute nor the committee reports directly addresses whether a rental is trade or business in the context of Section 199A.
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