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    2018 Tax Law

    IRS Clarifies New Rules for Bonus Depreciation

    October 3, 2018

    Bonus Depreciation Guidance Clears Up Important Questions on 100% Write-Offs The expansion of bonus depreciation was a welcome part of the Tax Cuts and Jobs Act, and now the IRS has released regulations to clarify many aspects of the new... Read More

    IRS Explains New Limits on Executive Compensation Deduction

    October 3, 2018

    Companies hoping to sidestep the new limits on the executive compensation deduction may be disappointed with new guidance from the IRS, which restricts the grandfather rules and confirms the expanded scope of covered executives. Notice 2018-68 narrowly construes whether pre-2018... Read More

    New Rules for Passthroughs Ease Concerns, Allow Aggregation

    August 14, 2018

    One of the more complex areas of the Tax Cuts and Jobs Act (TCJA) is the 20% deduction for the “qualified business income” of sole proprietorships, partnerships, LLCs, and S corporations. While the deduction is an important tax break for... Read More

    IRS to Restrict Workarounds for SALT Deduction Cap

    June 27, 2018

    One of the biggest revenue-raisers in the Tax Cuts and Jobs Act (TCJA) is a strict limit on the federal deduction for state and local taxes. The new law caps the state and local tax (SALT) deduction for individuals to... Read More

    Huge Gain Deferral Possible with New Qualified Opportunity Funds

    June 27, 2018

    To attract private investment in distressed communities throughout the U.S., Congress has created a generous tax deferral program that allows investors to rollover their capital gains into special funds designated for investment in these areas. Depending on how long the... Read More

    Deducting Auto Expenses after the Tax Cuts and Jobs Act

    June 27, 2018

    Driving for work just got more expensive for some taxpayers. The Tax Cuts and Jobs Act (TCJA) restricted the deduction of automobile expenses, effective in 2018 in several ways. Using autos for moving is no longer deductible except for members... Read More

    Technology

    Taxing Situation for Technology Companies

    June 6, 2018

    The Tax Cuts and Jobs Act of 2017 is unquestionably the most significant change to U.S. tax law since the 1980s. While it is true many businesses will now be subject to lower tax rates, the devil is always in... Read More

    Untangling the Technical

    Untangling the Technical | New International Tax Law Implications

    April 30, 2018

    The complicated new rules for multi-national businesses were one of the headlines of the new tax law. In this episode, Frazier & Deeter’s International Tax guru Mike Whitacre discusses the implications for U.S. businesses with foreign earnings as well as foreign companies... Read More

    Is C Corporation Your Best Option Under the New Tax Law?

    April 24, 2018

    If you do a quick read of the Tax Cuts and Jobs Act (TCJA) you’ll see that the new C Corporation tax rate is 21% while the top individual rate is 37%. Also, individuals are allowed a 20% deduction for... Read More

    IRS Waives Estimated Tax Rules, Penalties on Deemed Repatriation

    April 24, 2018

    The IRS has rushed out yet another guidance document on the Tax Cuts and Jobs Act’s deemed repatriation rules for offshore profits. Notice 2018-26 includes rules on penalty waivers, special elections, and the mechanics of reporting and paying the transition... Read More

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