If your organization has revenues and losses from unrelated business income (UBI), your tax picture could change drastically under the new tax laws. Starting with tax years beginning after Dec. [...]
In a previous article, we described the many reasons why a partnership or an LLC taxed as a partnership is the most often recommended entity to hold real estate. However, [...]
As we furiously complete our clients’ 2018 tax returns, our accountant minds are already wandering toward next year. But why should we have all the fun? The fact is, it’s [...]
Businesses and nonprofits should expect changes when it comes to parking benefits. The Tax Cuts and Jobs Act has amended Section 274 to limit or remove tax deductions for employers [...]
Businesses and nonprofits should expect changes when it comes to parking benefits. The Tax Cuts and Jobs Act (TCJA) has amended Section 274 to limit or remove tax deductions for [...]
In a previous article, we provided an in-depth view of like-kind exchanges. But what particularly does this mean for partnerships? If structured properly, a 1031 exchange (often called a like-kind [...]