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March Tax Newsletter

March Tax Newsletter
March 6, 2018

CORPORATE – Tax Reform and Financial Statement Reporting – What You Need to Know

Shortly after the Tax Act was enacted, SEC staff issued SAB 118, which provides guidance for accounting for tax reform.  SAB 118 provides, with regard to matters for which the accounting is not completed, that…
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March Tax NewsletterReal Estate
March 6, 2018

REAL ESTATE

One of the provisions contained in the Tax Act that impacts real estate is one that limits the deductibility of interest expense. The provision generally disallows a deduction for net interest expense that exceeds 30…
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March Tax NewsletterTax Accounting Methods
March 6, 2018

Tax Accounting Methods

Using the cash method of accounting, rather than the accrual method, for tax purposes can be very advantageous for your business.  Under the cash method, expenses are deductible when paid and income is earned when…
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Estate PlanningMarch Tax NewsletterReal Estate
March 6, 2018

ESTATE PLANNING – Time to Review Your Estate Plan

As a result of the newly passed Tax Act, there has been a paradigm shift in estate planning. Beginning in 2018, the estate and gift tax exclusion amounts are increased to $22 million per couple ($11…
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March Tax NewsletterState & Local Taxes
March 2, 2018

STATE & LOCAL TAXES

The Answer to this question could be changing in the near future. Critical to any business’ tax compliance is understanding its nexus for sales and use tax purposes.  Historically, sale and use tax compliance is…
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InternationalMarch Tax Newsletter
March 2, 2018

INTERNATIONAL – Are You Subject to One-Time Transition Tax on Deferred Foreign Income?

Are You Subject to the One-Time Transition Tax on Deferred Foreign Income? New Modified Stock Attribution Rules May Cause Certain Foreign Corporations to be Treated as CFCs That Would Not Otherwise Have Been Under the…
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