Author: Cunningham
Publisher: Wolters Kluwer
ISBN: 1543822568
Category : Pass-through businesses
Languages : en
Pages : 378

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Book Description

Author: Cunningham
Publisher: Wolters Kluwer
ISBN: 1543808921
Category : Pass-through businesses
Languages : en
Pages : 378

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Book Description

Author: Stephen Nelson
Publisher: Independently Published
ISBN: 9781697192292
Category :
Languages : en
Pages : 168

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Book Description
The new Section 199A business deduction should save business owners and real estate investors thousands of dollars of tax annually. How? Section 199A provides owners of pass-through entities with a deduction equal, potentially, to 20% of their business income. Unfortunately, the 20 page law and nearly 300 pages of regulations burden small businesses and individual investors with tricky rules and complicated accounting. Hence, this book for tax accountants, financial advisers, business attorneys and sophisticated business owners... "Maximizing Section 199A Deductions" covers in detail how the new deduction works with up-to-date information and insights for the 2019 tax filing season. Need more detailed information? Maximizing Section 199A Deductions includes the following chapters: *Chapter 1 - The Section 199A Deduction in a Nutshell: An overview of the deduction to understand the big picture and begin thinking in broad brush strokes about how the deduction works for small businesses, real estate investors, and investors in REITs and qualified publicly traded partnerships. *Chapter 2 - What Counts as Qualified Business Income: Detailed discussions of exactly what types of business income taxpayers can shelter with the Section 199A deduction, with specific discussions of the rules that apply to different types of business owners and investors: sole proprietorships, partnerships, S corporations, trusts and estates, and then investors in REITs and qualified publicly traded partnership. Also, coverage of how qualified business income accounting works for Section 1031 exchanges, Section 1031 involuntary transfers and for Section 351 incorporations and Section 721 partnership formations. *Chapter 3 - Specified Service Trade or Business Disqualification: In-depth coverage of which types of businesses lose some or all of the Section 199A deduction as a result of falling into a specified service trade or business like health services, law, consulting, accounting, actuarial science, performing arts, athletics, investment services, brokerage and trading services, and situations where the business relies on the skill or reputation of a single celebrity. *Chapter 4 - Accounting for W-2 Wages and Depreciable Property: Every pass-through entity (so every partnership and S corporation) needs to provide detailed accounting for a business's wages and depreciable property because some taxpayers need this information to calculate their Section 199A deduction. Chapter 4 walks the reader through this burdensome area of the new law. *Chapter 5 - Multiple Trades or Businesses: Chapter 5 describes the additional accounting and reporting required for situations where an individual owns interests in multiple trades or businesses. Chapter 5 also describes the rules for making an aggregation election-and when the aggregation election makes sense. *Chapter 6 - Fourteen Section 199A Deduction Tax Planning Tips: More than a dozen practical, common-sensed tactics taxpayers can use to save thousands in taxes. *Chapter 7 - Un-incorporation and S Status Revocation: Detailed analysis of when an S corporation should liquidate or revoke its S corporation status to maximize tax savings. *Chapter 8 - Section 199A Tax Return Preparation Checklist: Just what it says: A checklist of steps taxpayers will want to take to maximize the deduction on the upcoming 2019 tax return. *Chapter 9 - Agricultural & Horticultural Cooperatives and their Patrons: Overview discussion and examples of the rules (including the "grain glitch" fix) for specified agricultural and horticultural cooperatives and their members. The book also includes Section 199A FAQs tax professionals can share with their clients (via email or traditional letters) and the text of the Section 199A law including the technical corrections.

Author: Internal revenue Internal revenue Service
Publisher: Createspace Independent Publishing Platform
ISBN: 9781725055544
Category :
Languages : en
Pages : 192

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Book Description
Released DRAFT 8 August 2018. Regulations on Section 199A Deduction For Solos & Pass-through Businesses This document contains proposed regulations concerning the deduction for qualified business income under section 199A of the Internal Revenue Code (Code). The regulations will affect individuals, partnerships, S corporations, trusts, and estates engaged in domestic trades or businesses. Yes it is big and it is complex but you may be able to write off 20 percent! So, start reading it NOW! I also include the new DRAFT 1040 form for 2018 and Schedule 5.

Author:
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 196

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Book Description

Author: Anne E. Moran
Publisher:
ISBN: 9781558718449
Category : Corporations
Languages : en
Pages :

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Book Description
" ... analyzes the issues relating to the deduction by an employer for a "reasonable allowance" under [section] 162(a) for compensation paid with regard to personal services rendered. It discusses in depth the factors applied in determining reasonableness, the necessity for the actual performance of services, situations where a deduction for reasonable compensation is not allowable, and other aspects of reasonable compensation. Various tax planning and controversy considerations also are discussed"--Portfolio description (p. iii).

Author: United States. Office of Surface Mining Reclamation and Enforcement
Publisher:
ISBN:
Category : Reclamation of land
Languages : en
Pages : 240

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Book Description

Author: Robert B. Fleming
Publisher:
ISBN: 9781633594401
Category : Capacity and disability
Languages : en
Pages : 0

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Book Description
" ... addresses planning for disability from two perspectives: when the client is planning for the client's own disability or incapacity, and when the client is planning for the disability or incapacity of a family member. The Detailed Analysis discusses the various planning options available, based on whether the client is planning for the client's own disability or incapacity or for that of a family member"--Portfolio description (Page (iii)).

Author: Moira Somers
Publisher: Practical Inspiration Publishing
ISBN: 1788600215
Category : Business & Economics
Languages : en
Pages : 224

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Book Description
The advice is sound; the client seems eager; and then... nothing happens! Too often, this is the experience that financial professionals encounter in their daily work. When good recommendations go unimplemented, clients’ well-being is compromised, opportunities are lost, and the professional relationship grows strained. Advice that Sticks takes aim at the problem of financial non-adherence. Written by a neuropsychologist and financial change expert, this book examines the five main factors that determine whether a client will follow through with financial advice. Individual client psychology plays a role in non-adherence; so, too, do sociocultural and environmental factors, general advice characteristics, and specific challenges pertaining to the emotionally loaded domain of money. Perhaps most surprising, however, is the extent to which advice-givers themselves can foil implementation. A great deal of non-adherence is due to preventable mistakes made by financial professionals and their teams. The author integrates her extensive clinical and consulting experience with research findings from the fields of positive psychology, behavioural economics, neuroscience, and medicine. What emerges is a thoughtful, funny, but above all practical guide for anyone who makes a living providing financial advice. It will become an indispensable handbook for people working with clients across the wealth spectrum.

Author: Charles H. Gustafson
Publisher: West Academic Publishing
ISBN: 9780314911711
Category : Casebooks
Languages : en
Pages : 0

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Book Description
Designed for use in law schools, business schools and schools of management, this casebook outlines the determination and administration of U.S. income tax liabilities resulting from international transactions. Textual discussion, cases, rulings and problems, guides students through the basic tax considerations that confront foreign individuals and entities participating in the U.S. economy, and U.S. individuals and entities seeking to derive income abroad. Covers both the U.S. tax rules applicable to international transactions and the tax policy considerations underlying those rules.