
QBI Update: Impact of Negative QBI and Previously Suspended Losses
For 2018-2025, you (and estates and trusts) can use your qualified business income (QBI) to create the 20 percent deduction under Section 199A. While federal
For 2018-2025, you (and estates and trusts) can use your qualified business income (QBI) to create the 20 percent deduction under Section 199A. While federal
Bad things can happen to good business property. Fires, floods, freezes, and other disasters can damage or destroy the personal or real property you use
On December 27, 2020, the new Consolidated Appropriations Act (CAA) became law. Until then, several temporary COVID-19 related federal tax relief measures were set to
We seem to be living in an age of natural disasters. Uninsured losses to the personal non-business property such as your home, personal belongings, or
Two things to know about the Paycheck Protection Program (PPP) first draw enacted on December 27, 2020: The first draw is for those who missed
A financially comfortable loved one has passed away. In this year of seemingly endless bad news, sadly, that’s not an uncommon situation. The now-deceased loved
A financially comfortable loved one has passed away. In this year of seemingly endless bad news, that’s not an uncommon situation—sad but true. The now-deceased
In an effort to stave off economic devastation caused by the Covid-19 pandemic, billions of dollars in grants are being handed out to individuals and
Question. If you have an office outside your personal home — say, downtown — can you have a tax-deductible office inside your home for the
Did you receive money from a lender under the existing Paycheck Protection Program (PPP)? If so, you may qualify for more tax-free money. But first,
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