Tax Reform Archives

“Twenty for 20:” Twenty Tax Planning Ideas for Construction and Real Estate Businesses to Focus on in 2020

As a new decade begins, will construction and real estate businesses see the ‘roaring twenties’ with continued growth? Or will we witness a collapse…

The R&D Credit and Tax Reform – Better Than Ever

With the first full year of tax reform behind us, practitioners and taxpayers are now evaluating the actual impact to their bottom line. One…

Revisiting Tax Reform’s Impact on the Construction Industry After the 2018 Filing Season

Tax law changes with the biggest impact on the construction industry The 2018 tax year was the first full year that was impacted by…

Webinar: Tax Reform Reset – Changes to Individual Deductions

Webinar: Tax Reform Reset – Changes in Business Deductions

Webinar: Tax Reform Reset – Business Entity Selection

Sikich Series on Tax Reform: College Endowments Excise Tax

IRS Proposes Criteria for New Section 4968 Excise Tax Impacting Some College Endowments The Tax Cuts and Jobs Act (TCJA) enacted on December 22,…

Sikich Series on Tax Reform: Wisconsin’s SALT Shaker – New Wisconsin Entity Level Tax Election

What You Need to Know about the Wisconsin Entity Level Tax Election and Next Steps Late in 2018, Wisconsin enacted special tax legislation directed…

Sikich Series on Tax Reform: Game of Zones – IRS Issues Second Round of Regulations on Opportunity Zones

The Opportunity Zones (“OZ”) provision from the recent Tax Cuts and Jobs Act (“TCJA”) offers a new tax incentive for many taxpayers. We addressed…

Sikich Series on Tax Reform: Cost Segregation – Post Tax Reform Considerations

When taxpayers purchase or construct a building, it is typically depreciated as a single asset over 27.5 or 39 years for income tax purposes….

Sikich Series on Tax Reform: Tax Madness – NCAA vs. TCJA

Our unique dictionary in which March Madness meets Tax Madness It’s that special time of year. As a long cold winter begins to…

Sikich Series on Tax Reform: Accounting Method Opportunities for Small Businesses in the “Tax Cuts and Jobs Act”

Small business taxpayers should explore these new accounting methods When the Tax Cuts and Jobs Act (TCJA) was enacted in December 2017, much…

How to Document Your Family Medical Leave Policy to Be Eligible for the Tax Credit Introduced in 2018

Sikich Series on Tax Reform: Impact of the IRS Guidance for Businesses Providing Employee Parking Benefits

Changes made to parking benefits provided by employers The adage goes “there is no such thing as a free lunch.” Perhaps this could…

Sikich Series on Tax Reform: What to Expect this Tax Filing Season – Part 1: Individuals

You may recall about a year ago all the articles and published materials covering tax reform that Congress and President Trump enacted on December…

Sikich Series on Tax Reform: IRS Issues Final Regulations for New 20% Deduction for Pass-through Businesses

The IRS issued its final regulations on January 18, 2019 on the new 20% deduction for Qualified Business Income (“QBI”) for pass-through businesses (Section…

Sikich Series on Tax Reform: IRS Update on Government Shutdown and Impact on 2018 Individual Tax Filings

IRS Opens Up on Government Shutdown and Tax Refunds The current “government shutdown,” is in its third week. Some government agencies are not…

Sikich Series on Tax Reform: JCT Staff Releases Long-Awaited “Blue Book” on Tax Cuts and Jobs Act

With the Tax Cuts and Jobs Act (TCJA) being such a comprehensive bill, there is often some uncertainty over various provisions and how they…

Sikich Series on Tax Reform: IRS Issues Guidance on Employee Parking Benefits for Exempt Organizations

The adage goes “there is no such thing as a free lunch.” Perhaps this could be expanded now to be “there’s no such thing…

Sikich Series on Tax Reform: Impact of the “Tax Cuts and Jobs Act” on Private Equity

The guiding principles in the 2017 Tax Cuts and Jobs Act (“TCJA”) enacted in December 2017 were to create jobs, stimulate economic growth,…