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January 30, 2019

Section 199A was added to the Internal Revenue Code under the Tax Cuts and Jobs Act of 2017 to provide non-corporate taxpayers with a 20% deduction from income attributable to qualifying trades or businesses.  One question under the new law is whether the definition of...

January 7, 2017

On December 13, 2016, the 21st Century Cures Act was signed into law by President Obama.  In addition to accelerating cutting-edge treatments for rare diseases and adding significant reforms to the mental health system, this Act will allow small employers to provide st...

December 3, 2016

On November 22, 2016, a federal court in Texas issued a nationwide preliminary injunction blocking the Department of Labor (DOL) from enforcing the new federal overtime rule which was set to take effect on December 1, 2016.

The federal overtime rule has been controversi...

August 20, 2016

Small business owners who want to provide their employees with a way to save for retirement in a tax-efficient manner have several different options and plans to choose from -- from very simple and low-cost plans to very complex and expensive ones.  Today, I will discu...

August 10, 2016

Businesses operating as S corporations have many of the same benefits of pass-through taxation as partnerships or LLCs taxed as partnerships. In addition, however, S corporations have always had unique issues with respect to health insurance premiums paid to (or on beh...

July 30, 2016


Generally, you recognize no gain or loss on the exchange of property you held for the productive use in a trade or business or for investment if you exchange that property solely for property of "like kind" that you also plan to hold either for productive use...

July 16, 2016

Many taxpayers, at one time or another, need to transfer funds from one IRA to another IRA and generally have 60 days to do so. Taxpayers are limited to only one IRA rollover for any 12-month period (NOTE: this 12-month rule does not apply to direct, trustee-to-trustee...

July 10, 2016

Roth IRAs (named after late U.S. Senator William Roth of Delaware who first proposed them in 1989) have been in existence since the Taxpayer Relief Act of 1997.  In contrast to Traditional IRAs, contributions to the Roth IRA are not tax deductible but withdrawals are t...

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