Topics: Tax Reform
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Tax Talk – Changes To The Opportunity Zones Under New Law
Changes To The Opportunity Zones Under New Law The following boxes outlines the key differences between the Opportunity Zones under the TCJA and…
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One Big Beautiful Planning Opportunity: Research and Experimental Expenditures
The One Big Beautiful Bill Act (“OBBBA”) was signed into law on July 4th. Pease Bell will be sharing planning opportunities with our clients…
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Opportunity Zones in 2025 and Beyond
Opportunity Zones were introduced in the Tax Cuts and Jobs Act of 2017, aiming to encourage economic investment in distressed areas. Opportunity Zones allowed…
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Sunset for Higher Gift Tax Exemptions
With many of the provisions from the 2017 Tax Cuts and Jobs Act (TCJA) set to sunset at the end of 2025, so will…
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Gift Tax
The Gift Tax was created to limit the amount you can transfer to someone as a gift, with annual and lifetime exclusions created to…
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Pass-Through Entity Taxes & Reporting Under GAAP
Pass-Through Entity Taxes & Reporting Under GAAP 5/21/24 Introduction In connection with changes to the Internal Revenue Code as a result of the Tax…
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Section 179 Depreciation.
Section 179 depreciation was originally designed to help businesses grow by allowing them to completely write off large purchases of machinery and equipment in…
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Can I Deduct Tax Loss?
When individual taxpayers have losses from flow through entities, the key question is whether or not the individual will have the ability to deduct…
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Understanding the Lifetime Gift Tax
Gifting allows you to transfer wealth to your loved ones during your lifetime, enabling them to enjoy financial security. By taking advantage of the…
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Treasury Carves out Special Rule for Nursing Homes for Interest Deduction
Good News! On July 27, Treasury issued final regulations on the interest deduction limitation. Nursing homes and other residential care facilities were specifically granted…