May, 2018
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Be Careful on Making “State” Contributions
The IRS announces that formal guidance is coming on limiting payments to state sponsored charities to get around the limit on state income tax deductions.
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Married Filing Separate May Be in Play
There will be more married filing separate filings in 2018 due to the new tax law. We go over a couple of examples.
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Will We See More Non-Grantor Trusts?
Many farmers will likely make large gifts to take advantage of the increased lifetime exemption amount. These will likely be made in trust and in some situations it will save on income taxes too.
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IRS Guidance on Section 199A Coming Soon?!
IRS announces that guidance on Section 199A should be available sometime in July.
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Planning for Losses Also Important
Another guest post from Chris Hesse while Paul is in Africa:
Paul has blogged extensively on the Section 199A DPAD and deduction for Qualified Business Income. What about tax reform and losses? -
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