Business Tax Information, Federal Tax Law
On August 8, 2018, the IRS issued proposed regulations for the new Section 199A. 199A allows many sole proprietorships, partnerships, trusts, and S corporations to deduct 20% of their qualified business income. Qualified business income includes domestic income from...
Offshore Accounts and Assets
If you have offshore accounts or assets, it’s important for you to be aware of the standard protocol related to disclosing them to the Internal Revenue Service (IRS). Any money, trusts, inheritance, or corporate earnings that you have in a foreign bank account or...
Federal Tax Law, Tax Filing
This article was originally written for Contra Costa Lawyer, a publication of the Contra Costa Bar Association. Click here for the full text. Many taxpayers are likely scrambling to prepare and complete their individual tax returns. Most taxpayers have remembered to...
