By: Amanda Wilson Section 199A introduced a 20% deduction for qualified business income (previously discussed here). To qualify for the deduction, income must be from a trade or business. Whether rental activity rises to …
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 …
Tax Reform Improves Expensing and Depreciation Rules
By: Amanda Wilson The Tax Cut and Jobs Act made several key changes to the expensing and depreciation rules, which will be a boon for Senior Living businesses that tend to be real estate heavy. …
Six Things To Know About the New Pass Through Income Deduction
By: Amanda Wilson The ownership structures for senior living facilities often involve pass-through entities such as partnerships and REITs. The tax reform legislation that was signed into law last month introduces a deduction for pass-through …
Ryan Says Tax Reform Coming, But Later This Year
By: Amanda Wilson On Friday, House Speaker Ryan stated publicly that tax reform legislation will be included in one of two must pass budget resolutions this year, but it will be included in the fiscal …
