100% Bonus Depreciation Regulations Finalized The IRS has adopted previously issued proposed regulations dealing with the 100 percent bonus depreciation deduction. In addition, some clarifying changes […]
Tax Planning: Qualified Opportunity Zones The Tax Cuts and Jobs Act includes changes for businesses and individuals. One of these is the creation of the opportunity […]
Below you will find the contents of the presentations from the 2023 AFairchild Business Luncheon on November 14th. Please let us know if you have any […]
2023 Tax Planning: Excess Business Losses of Noncorporate Taxpayers Under the CARES Act, the limitation on excess business losses for shareholders and partners of pass-through businesses […]
Tax Planning: Basis of Property Acquired Under Code Secs 1031 or 1033 In certain types of transactions there are opportunities for taxpayers to defer gain on […]
Taxpayers have an opportunity to utilize net operating losses (NOLs) generated on their personal and corporate tax returns generated in tax year 2023 by carrying forward […]
Medical expenses can trim taxes. Keeping good records and knowing what to deduct make all the difference. Taxpayers can only claim medical expenses that they paid […]
Consolidated Appropriations Act, 2021 Under the Consolidated Appropriations Act, 2021, a pension plan will not fail to meet qualification requirements solely because it provides for a […]