Real Estate Safe Harbor for 20% QBI Deduction

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 …

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 …