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Month: December 2017

Tax Bill – More Observations on Individual Changes

In the few days remaining to manipulate your 2017 income tax liability, keep in mind the following additional points raised in the tax bill that was just signed by the President (please review my blogs over the past five days to refresh your memory on the other...

Tax Bill – More on the New 20% Pass-Through Deduction

As I noted in a prior blog post, the new tax bill (TCJA) creates new Code Section 199A that provides for a 20% deduction for the non-wage portion of pass-through income. NOTE: The deduction is limited to 50% of an entity’s W-2 wages for married joint filers with...

Tax Bill-Individual Rates and Planning

The current seven individual tax rate brackets are modified under the new Tax Bill to be 10%, 12%, 22%, 24%, 32%, 35%, and 37% effective January 1, 2018. This provision is set to “sunset” after 2025. The top 37% rate applies to single filers with over $500,000 of...

Growing and Soaring Video 2-Getting to the Next Level

Please join Wayne M. Zell, Esq. for this second of eight videos of Episode 2: Growing and Soaring, which focuses on the on strategies to get to the next level in business. This is the second of six Business Success(ion) Planning Bootcamps for Professional...

Tax Bill Passes Senate; Great News for Real Estate Developers

By a slim margin of 51-48, the Senate passed the tax reform bill on December 19th. Included among the provisions is a hidden benefit for real estate developers. The bill contains a 20% deduction for qualified business income (QBI) from pass-through entities under new...

House Passes Tax Bill!

The U.S. House of Representatives on Tuesday approved a nearly $1.5 trillion bill that would deliver deep and permanent tax cuts for corporations and lower rates for most American households until 2025. The Senate is expected to pass the bill this evening. More to come!

House is Not Done Yet…

As the Senate considers approval of the tax reform bill, the House must reconsider (and re-vote on) the bill tomorrow, because at least two provisions in the House Bill (one dealing with the ability to apply 529 plan savings to home schooling and the other granting an...

Growing and Soaring Video 1-Phases of Business

Please join Wayne M. Zell, Esq. for this first of eight videos of Episode 2: Growing and Soaring, which focuses on the different phases of business and how to navigate from one phase to the next. This is the second of six Business Success(ion) Planning Bootcamps for...