Synopsys: IRC Section 179D Energy Efficient Tax Credit Expansions Section 179D Updates The Inflation Reduction Act of 2022 substantially increases the Internal Revenue Code (IRC) Section 179D energy-efficient commercial building deduction, which will benefit the architecture, engineering, … [Read more...]
Inflation Reduction Act of 2022: Tax Implications for Real Estate Investment Trusts (REIT), EV Incentives and 1031 Exchanges
Inflation Reduction Act of 2022: An Overview Article Summary Aim of the Inflation Reduction Act (IRA) Carried interest treatment Changes to Section 179D Incentives and Qualifications Increases to the R&D Tax Credit 15% minimum tax on large corporations (AMT) 1% excise tax on stock … [Read more...]
Are Your Business Meals And Entertainment Expenses 100% Deductible?
Article Summary This article attempts to help provide clarification for taxpayers in avoiding conflicts with the IRS with respect to business meals. On January 1,2018, The Tax Cuts and Jobs Act (TCJA) invalidated the general deduction of business entertainment expenses. Nonetheless, as stated … [Read more...]
Biden’s Capital Gains Plan: Proposed Changes May Affect Your Current and Planned Investments
Biden's Proposed Tax Plan Includes Significant Capital Gains Changes The Biden administration has recently released its proposed budget (aka "Green Book") for the 2022 fiscal year. The U.S. Treasury indicates the $6 trillion budget aims to improve infrastructure, clean energy, research & … [Read more...]
Realtors in Austin and Real Estate Professionals: Which type of business entity is right for you?
The Austin Real Estate Investment and Housing markets are benefiting from major forces that are providing unprecedented income opportunities for real estate professionals. From the wave of companies leaving the coasts for more business-friendly states, to the beginning of the ‘Great Reshuffling’ … [Read more...]
Saving Money by Sharing Has Never Been Easier
The sharing economy has re-configured the way we operate and live. Thanks to smart phones, virtually any need can be met instantly with the click of a mobile app. These sharing apps provide seemingly endless possibilities for consumers to unite and collectively utilize their resources, skills, … [Read more...]
How Much Income Should I Set Aside Monthly?
Planning for the future - and for the unexpected - requires long-term preparation. How much money do you need to set aside for your retirement? What about for emergencies such as home and car repairs, medical bills, or job loss? If you get a head start by saving in your early 20s, … [Read more...]
Women and Financial Advisors
Staying in control of your finances is one of the most important and difficult responsibilities for most adults. The results, then, when Forbes Insights and Northwestern Mutual surveyed a group of women regarding how their confidence correlates to their finances (for broker online, you can check it … [Read more...]
Investment Advisors Report a New Generation of Skeptics
Millennials have been scarred by the 2008 financial crisis, difficulty finding work out of college, and managing substantial student debt. Many also witnessed their parents struggle with job and financial security during this time as well. What’s the product of a generation that faces this … [Read more...]
Make the Most Out of Your Tax Refund
A tax refund is not a bonus, but people often treat it that way. In reality, your tax refund is a reimbursement from the government for withholding too much of your income. The average federal tax refund this year will exceed $3,000. Before making a reservation at the nicest restaurant in town, … [Read more...]