November 15, 2017
Senate Finance Committee modifies tax reform proposal
Individual changes that are indexed for inflation would not sunset; nor would changes affecting businesses.
November 13, 2017
Like-Kind Exchanges, A Necessary Component Of Tax Reform
A summary from the Section 1031 like-kind exchange reform resource
November 10, 2017
Tax reform: What CPAs need to know about the latest developments
Podcast interview with expert Tony Nitti, CPA, a tax partner with WithumSmith+Brown and an editorial board member of The Tax Adviser.
November 6, 2017
Details of tax reform legislation revealed
The bill would limit like-kind exchange treatment to real estate, but a transition rule would allow completion of currently pending Sec. 1031 exchanges of personal property.
November 2, 2017
Legislative History of Tax Policies Supporting IRC Section 1031
The two primary purposes: 1) to avoid unfair taxation of ongoing investments in property; 2) to encourage active reinvestment...
October 31, 2017
For Tax Year 2016, E-File Closes on Nov. 18; After That, Disaster Victims, Others Need to File on Pa
Any taxpayer needing to file after Nov. 18 will need to do so on paper.
October 26, 2017
Keeping Property Exchanges Out Of The Crosshairs
Hansen argues that the absence of like-kind exchanges for land, and the resulting tax liability, would cause a “lock-in effect,” where land owners would reconsider selling, or worse, not sell at all.
October 20, 2017
IRS Announces 2018 Pension Plan Limitations; 401(k) Contribution Limit Increases to $18,500 for 2018
Effective Jan. 1, 2018, the limitation on the annual benefit under a defined benefit plan under Section 415(b)(1)(A) is increased from $215,000 to $220,000.