Does My Rental Real Estate Qualify for the Section 199A (QBI) Deduction?

On Friday, January 18, 2019, the Treasury Department issued Final Regulations for 199A and IRS Notice 2019-07, which provided a safe harbor for rental real estate enterprises.  Rental activities that meet each of the following tests can be considered Section 162 trades or businesses for purposes of Section 199A, and are thus eligible for the 20 percent deduction.

2019-03-19T15:45:32-04:00January 21, 2019|Categories: Accounting, Tax: Business|Tags: , , , |

The Sandwich Generation – Taking a Bite out of the Burden

They call us the Sandwich Generation, the middle layer between grown or growing children who depend on us and parents who also depend on us.   [...]

Investment Interest Expenses Deductions Might Not Be Worth Taking

Investment interest, the interest on debt used to buy assets held for investment, such as margin debt used to buy securities, can generally be deducted [...]

A Look at President-Elect Trump’s Tax Plan

President-elect Donald Trump’s tax reform plan was released earlier this year. The affects on businesses include: Reducing the top corporate income tax rate from 35% [...]

PBMares Clarifies Startup Tax Deductions

Tax Deductions for Start-Ups There are many deductions startups CAN deduct, but there are restrictions on HOW they are deducted.   As an entrepreneur, you may [...]

Kids in College – Don’t Miss These Tax Breaks

Kid in College? Don’t miss out on tax breaks! Parents of college students, and students themselves, may be eligible for some never used before education-related [...]

2019-07-24T18:29:32-04:00March 15, 2016|Categories: Tax: Individual, Wealth Management|Tags: , , , |