Tag - Tax Cuts and Jobs Act of 2017

How Does the Tax Cuts & Jobs Act Affect Small Businesses? Part Three: What it Means For Your Clients

  In part one of this series, we covered how the Tax Cuts & Jobs Act affects you as a small business owner. There are also provisions that affect your clients and may have an effect on the market in general. Mortgage Interest Debt Deduction Limitations The mortgage debt deduction limit is now $750,000 for new loans, or those that originate after December 14, 2017. Any existing mortgage debts of up to $1 million can be deducted. Existing mortgage debts can also be refinanced for...

September 7, 2018Read more...

IRC §199A- August 10th

Hi, my friends, I am still alive and kicking. Why do I say that? It is because I have been in the office all week and my staff has not murdered me, yet. Also, I have been moaning and groaning the last 18 hours as the IRS issued three documents of 184 pages, 14 pages, and two pages respectively related to an important part of the Tax Cut and Jobs Act, which was 11,000+ pages itself. This part called IRC §199A relates to...

August 10, 2018Read more...
Jeffrey Schneider, EA, CTRS, NTPIF

Tax Cuts and Jobs Act of 2017 and What You Need to Know

Yep, it's Monday and not Thursday but last week was a busy one and I wanted to share this information about the Tax Cuts and Jobs Act of 2017 and What You Need to Know with you today. What do I do when I am not in the office? A week ago, I was a presenter for the Florida Society of Enrolled Agents’ Annual January Education Events in Deerfield Beach and Lakeland. I was in the office for 1½ days in between. I serve...

January 23, 2018Read more...