Posts in Tax Reform
Qualified Opportunity Zones: A Significant Capital Gain Deferral Tool

A new tax provision contained in the 2017 Tax Cuts and Jobs Act (TCJA) provides a significant opportunity to defer the tax on capital gain from the sale of stock and other assets. Taxpayers who take the gain proceeds and invest them in certain economically distressed communities, known as Qualified Opportunity (QO) Zones, can qualify.

Read More
Understanding the New Business Interest Expense Limitation

The Tax Cuts and Jobs Act (TCJA), which was signed into law last year, included a major change to the deductibility of business interest expense. Prior to passage of the act, business interest was, generally speaking, 100% deductible except in certain limited situations. The new rules apply to all businesses regardless of form, though there are notable exceptions for small businesses and certain industries.

Read More