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The New Qualified Business Income Deduction: Concerns and Strategies for Real Estate Professionals (CPA Journal) - One of the most significant consequences of the Tax Cuts and Jobs Act of 2017 (TCJA) for taxpayers is the new Internal Revenue Code (IRC) section 199A, which allows a tax deduction for qualified business income (QBI). This provision provides unique opportunities and challenges to individuals engaged in certain real estate activities. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES IRS Commissioner Seeks to Enhance Taxpayer Contacts, Target Enforcement (JofA) - Commissioner Charles Rettig wants practitioners and others to become âhighly engagedâ in an enhanced relationship with the IRS as the Service continues to develop its thoughts on a potential reorganization required by the Taxpayer First Act. The Biggest Tech Product Flops of the 2010s (PC Mag) - The last decade introduced a wealth of game-changing technology to our lives. But along with it came some truly terrible flops. Revel in the fails. Major Crackdown On Conservation Easements Or IRS Bluff? (Forbes) - The IRS wants us to know that it is getting really serious about abuse in the area of the syndication of conservation easements. IR-2019-182 issued on November 12 tells us... Powell Says He Doesnât See a âDay of Reckoningâ Coming for the US Anytime Soon (CNBC) - Amid a roaring stock market and ever-increasing levels of corporate and government debt, Federal Reserve Chairman Jerome Powell said Thursday he does not see signs of bubbles brewing or immediate dangers being posed by trillion-dollar deficits. Taxation Accounting/Audit |  TOP 5 MOST READ
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