Mike D'Avolio, CPA, JD

The U.S. government is attempting to attract private investment money into economically disadvantaged communities in order to boost economic growth and job creation. Under the Tax Cuts and Jobs Act, the states, D.C., and U.S. possessions nominate low-income communities eligible for these tax benefits....

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The Tax Cuts and Jobs Act (TCJA) was signed into law on Dec. 22, 2017, and represents the most extensive tax reform legislation we’ve seen in 30 years. These sweeping tax law changes impact many taxpayers, including individuals, businesses, estates and...

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A centerpiece provision of the Tax Cuts and Jobs Act is the new Section 199A measure that affords owners of sole proprietorships, partnerships, S corporations and trusts a 20 percent deduction on their qualified business income (QBI) beginning in tax...

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Under the Tax Cuts and Jobs Act, section 965 requires U.S. shareholders to pay a transition tax on the untaxed foreign earnings of certain foreign corporations as if those earnings had been repatriated to the United States. This transition tax...

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The alternative minimum tax (AMT) subjects taxpayers to a second tax system and is intended to reduce a taxpayer’s ability to avoid taxes by using certain deductions, credits and other tax benefits. Beginning in tax year 2018, the Tax Cuts...

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