Charitable Giving to Reduce Your Tax Burden
November 14, 2017
Trusts & Estates
What’s Not to Like About the Proposed Tax Rate Reductions for Small Businesses?
November 14, 2017
Legislation
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…
Section 1059A – A Trap for the Unwary?
November 13, 2017
Tax Policy
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…
The Republican Tax Plan Is Out. What Now?
November 6, 2017
Tax Policy
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…