By: Amanda Wilson Section 199A introduced a new 20% deduction for qualified business income (previously discussed here). To qualify for the deduction, income must be from a trade or business. Many senior living communities hold …
Considering Making A Qualified Opportunity Zone Investment?
By: Amanda Wilson Qualified Opportunity Zones are a hot topic in the tax and business world, and are an opportunity that span into almost any business market including senior living. I get questions about them …
Before 2018 Ends, Be Sure Your Partnership Agreements Are Up To Date
By: Amanda Wilson As 2018 comes to a close, it is important to make sure that your partnership and LLC agreements reflect the new tax law that went into effect on January 1, 2018. For all tax …
What Is Carried Interest?
By: Amanda Wilson During the second presidential debate, one of the few things that both candidates agreed on was doing away with carried interest as part of their proposed tax changes. This could have significant …
New Audit Rules for Partnerships
By: Amanda Wilson Last week, President Obama signed into law the Bipartisan Budget Act of 2015. Buried in this budget bill is an entirely new procedure for how partnerships are audited. Specifically, it would repeal …
Great Tax Planning Opportunity for Partnerships
By: Amanda Wilson Undoubtedly, right before the end of the year, you were inundated with information about steps you could take as part of the year-end tax planning for your senior living business. While the end …
