Tax Alerts

Section 1244 Stock

Monday, November 11, 2019

  Section 1244 stock encourages new investment in small business by permitting investors to claim ordinary losses on risky investments. What is Section 1244 Stock? Stock is considered a capital asset and subject to capital gain tax rates. Losses that exceed gains are limited to a $3,000 annual deduction and excess must be carried over […]

Qualified Small Business Stock Exclusions Simplified

Monday, November 11, 2019

  The Qualified Small Business (QSB) stock exclusions aim to incentivize investments in small businesses; however, understanding the rules can be tricky to comprehend. The following explains what QSB stock exclusion is all about, as well as how to qualify for Code Section 1202 benefits. What Is Code Section 1202? Under Internal Revenue Code Section […]

Tax Planning Strategies for End-of-year 2019

Wednesday, November 6, 2019

  As the end of the year approaches, it is a good time to develop tax planning strategies to help lower your future tax bills. Year-end planning for 2019 is even more important, as it takes place against the backdrop of some major changes in the rules for individuals and businesses. For individual tax planning, […]

2019 Tax Data Schedule

Wednesday, October 30, 2019

Brooke Sigler and Samantha Elpern from Windes have produced a user-friendly tax data schedule for 2019 (which is also included in CalCPA’s FastTaxFacts). It contains both federal and state tax information along with other important information. Click here to view the schedule For more information about this article, please contact our tax professionals at [email protected] […]

Final Regulation 100% Bonus Depreciation

Tuesday, October 29, 2019

  Final Regulations on 100% Bonus Depreciation Issued, Along With New Proposals Final regulations for the 100% bonus depreciation allowance for qualified property acquired and placed in service after September 27, 2017, allow property which is constructed under a pre-September 28, 2017 binding contract to qualify for the 100% rate. The final regulations adopted the […]