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Blog Articles
November 21, 2023
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 […]
November 15, 2023
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 […]
November 14, 2023
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 […]
November 7, 2023
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 […]
November 1, 2023
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 […]
October 25, 2023
Many businesses consider the occasional wining and dining of customers and clients just to stay in touch with them to be a necessary cost of doing […]
October 17, 2023
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 […]
October 11, 2023
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 […]
October 3, 2023
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 […]