Insights

Tax  |  By Jerry Eitel, CPA

Practical Considerations Regarding Section 199A of the New US Tax Law

The Tax Cuts and Jobs Act passed by the US Congress on 17 December 2017, includes Section 199A, a provision that can afford pass-through businesses a 20% deduction of:  Qualified business income (QBI) from a domestic qualified trade or business...

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Tax  |  By Fernando R. Lopez, JD, MBA

Tax Planning Under the New US Tax Reform

The US Tax Cuts and Jobs Act, passed on 17 December 2017, has dramatically changed the analysis and available strategies for structuring cross-border operations. Meaning, to realise tax optimisation, business owners must be aware of those changes....

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Tax  |  By Robert Crowley, CPA

The Taxation of Income from Cryptocurrencies in Various Jurisdictions — USA

Recently, we have seen a growth in the sale or exchange of cryptocurrency, or the use of cryptocurrency to pay for goods or services. Unfortunately, guidance from the Internal Revenue Service (IRS) pertaining to related US income tax issues has not...

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Tax  |  By Joseph Cain, CPA

IRS Clarifies 199A Section of Tax Law, Provides Safe Harbor and a 20% Deduction To Rental Real Estate Enterprises

If you own rental real estate, the fact that the IRS just issued Notice 2019-7, which clarifies Section 199A of the Tax Cuts and Jobs Act of 2017 could work to your benefit. The clarification will help in determining whether a rental real estate...

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