Insights

While tax reform has a long march before becoming law, the amended House of Representatives bill passed yesterday swings an ax at lower-tax-rate-capital-gain-eligible “carried” partnership interests, though it swings a smaller ax—like a hand ax rather than a full-sized ax—than proposals in years past. This latest proposal focuses on limited…

If you run a small business (or even a large closely-held business) taxed as an S corporation or partnership, don’t get too excited about the tax rate reduction headlines in Congress’ latest tax reform proposals. The House bill touts a 25% tax rate for business income from these entities. Passive…

Our community is near multiple major ports, including Port Manatee and the Port of Tampa. Taxpayers that import goods through these ports should be aware of U.S. tax issues that can arise from their actions. U.S. taxpayers that import goods from related parties outside the United States have several tax…

On November 2, 2017, House Republicans unveiled their widespread rewrite of the U.S. Tax Code. The tax plan called the Tax Cuts and Jobs Act of 2017, is a 429-page bill that provides changes to many aspects of tax law including the corporate tax rate, individual tax rates, the taxes…