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The QBI Deduction and New "Qualified Opportunity Zone" Guidance

QBI Deduction Issues for Professionals

Sidney Kess, CPA, J.D., LL.M.

Most attorneys, accountants, and other professionals operate as unincorporated sole practitioners, or through partnerships and limited liability partnerships (LLPs), making them owners of pass-through entities. Such professionals may be able...

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Tax Strategies

Tax Cuts and Jobs Act of 2017: Impact on Individuals

Sidney Kess, CPA, J.D., LL.M.

On December 19, 2017, Congress passed a major tax package (H.R. 1) designed to cut taxes on individuals and businesses, and to stimulate the economy and create jobs. The tax...

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Feature Stories

The Impact of the New Tax Law

Marvin J. Williams, JD, MBA, CPA, CMA, CFM, CGMA

The Tax Cuts And Jobs Act ("TCJA") was passed by the United States Congress on December 20, 2017 and signed into law on December 22, 2017. The effective date of...

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Financial Planner

Understanding Pay Options with the new DOL Regulations

Jerry Love, CPA/PFS, CFP, CVA, ABV, CITP, CFF, CFFA

This article is a follow up to the prior article which highlights the new regulations for the Fair Labor Standards Act (FLSA) from the Department of Labor (DOL) raising the...

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Client Tax Tip

How Interest Can Be Deducted When Money is Borrowed to Buy I…

Julie Welch, CPA, CFP

If a taxpayer borrows money to purchase investments, such as mutual funds, bonds or stock, the interest paid on the loan can usually be deducted. There are two limitations, however...

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Editor Blog

CPAs Wanting to Do It Themselves

Joshua Fluegel

In its ongoing effort to stay on the forefront of developments in tax profession technology, CPA Magazine talks to Mark Strassman, president of Make My Day CPA. Strassman discusses CPAs’...

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Tax Checklist

Post TCJA Estate Planning Checklist

Martin M. Shenkman, CPA, MBA, PFS, AEP, JD

The Tax Cut and Jobs Act enacted in late December 2017 transforms estate planning making the CPAs role more important than ever before. Too many practitioners dismiss estate planning in...

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