News
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November 15, 2017
Senate Finance Committee modifies tax reform proposal
Individual changes that are indexed for inflation would not sunset; nor would changes affecting businesses.
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November 13, 2017
Like-Kind Exchanges, A Necessary Component Of Tax Reform
A summary from the Section 1031 like-kind exchange reform resource
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November 10, 2017
Tax reform: What CPAs need to know about the latest developments
Podcast interview with expert Tony Nitti, CPA, a tax partner with WithumSmith+Brown and an editorial board member of The Tax Adviser.
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November 6, 2017
Details of tax reform legislation revealed
The bill would limit like-kind exchange treatment to real estate, but a transition rule would allow completion of currently pending Sec. 1031 exchanges of personal property.
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November 2, 2017
Legislative History of Tax Policies Supporting IRC Section 1031
The two primary purposes: 1) to avoid unfair taxation of ongoing investments in property; 2) to encourage active reinvestment...
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October 31, 2017
For Tax Year 2016, E-File Closes on Nov. 18; After That, Disaster Victims, Others Need to File on Pa
Any taxpayer needing to file after Nov. 18 will need to do so on paper.
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October 26, 2017
Keeping Property Exchanges Out Of The Crosshairs
Hansen argues that the absence of like-kind exchanges for land, and the resulting tax liability, would cause a “lock-in effect,” where land owners would reconsider selling, or worse, not sell at all.
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October 20, 2017
IRS Announces 2018 Pension Plan Limitations; 401(k) Contribution Limit Increases to $18,500 for 2018
Effective Jan. 1, 2018, the limitation on the annual benefit under a defined benefit plan under Section 415(b)(1)(A) is increased from $215,000 to $220,000.