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29
Aug

Bonus Depreciation Relief

August 29, 2019

By: Dario Arezzo

The IRS has provided guidance for taxpayers who wish to either make or revoke an election for bonus depreciation. This relief applies for property acquired after September 27, 2017, and placed in service for the tax year that includes September 28, 2017. The relief also applies to specified plants that are planted or grafted.

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Posted In: Tax Talks

Tags: taxes, tax planning
30
Jul

Major estate planning changes potentially on the way due to SECURE Act

July 30, 2019

By: Dario Arezzo

What is in the SECURE Act that has garnered widespread bipartisan support? Dario Arezzo breaks down the positive provisions but addresses a downside beneficiaries should be aware of, too.

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Posted In: Tax Talks

Tags: estate management, estate planning, legislation, tax planning, tax reform, taxes
27
Jun

Final Regulations Issued on Itemized Deductions

June 27, 2019

By: Dario Arezzo

One of the most talked about reforms enacted in the Tax Cuts and Jobs Act (TCJA) was the limitation on the ability for taxpayers to deduct state and local taxes in excess of $10,000. Dario Arezzo, Senior Tax Consultant, gives readers insight into how to interpret these regulations.

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Posted In: Tax Talks

Tags: regulations, tax planning, tax reform, taxes
30
May

Farm Rental Agreements under 199A

May 30, 2019

By: Dario Arezzo

Now that the dust has settled on the 2018 tax season (for the most part!), it is time to continue fine-tuning tax strategies for Northeast agricultural producers. One of the easiest ways to maximize the 199A deduction is to ensure the farmland being utilized in the operation qualifies for the deduction.

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Posted In: Tax Talks

Tags: estate management, estate planning, lease, regulations, tax planning, taxes