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Biden Tax Proposal

Biden Tax Proposal

Nov 19, 2020 | Tax

Earlier this month, Joseph Biden was announced as the predicted winner of the 2020 U.S. presidential election. As with most presidential candidates, on the campaign trail, Biden proposed changing the tax laws. He aims to increase taxes on corporations and...
New set of Sec. 199A final regulations

New set of Sec. 199A final regulations

Nov 2, 2020 | Tax

Editor: Mark G. Cook, CPA, CGMA On June 24, 2020, the IRS issued additional final regulations (T.D. 9899) concerning the qualified business income (QBI) deduction under Sec. 199A. These final regulations clarify what is considered QBI and how to calculate it in...
Applying Grandfather Status To Certain Health Care Arrangements

Applying Grandfather Status To Certain Health Care Arrangements

Nov 2, 2020 | Tax

Editor: Mark G. Cook, CPA, CGMA The comprehensive health care reform law signed in March 2010, the Patient Protection and Affordable Care Act, P.L. 111-148, better known as the Affordable Care Act (ACA), was passed with the intention of extending health insurance...