Rental real estate businesses may as well start singing holiday carols as Christmas has come early for their industry. IRS’s recent proclamation (Rev. Proc. 2019-38) has loosened tax regulations on rental real estate businesses with regards to Qualified Business Income (QBI) deductions. Eligible rental real estate businesses will have the opportunity to deduct 20 percent …
In a chain of events worthy of its own movie, the Securities and Exchange Commission indicted a San Diego Investment fund owner over a $6 million insider trading scheme. The scheme involved the genetics research solutions provider, Illumina, Inc., and a former accountant of the company. Through the help of Martha Patricia Bustos, 31, a …
Trump, early on his 2016 presidential campaign, gave the treasury department a run for their money after promising to cut taxes for both businesses and middle-class citizens. Fast forward a year later, the reformed House Tax Bill was born. Businesses across the States were cheering after hearing that the president will deliver on his promise …
What Phishing Scams Should Taxpayers Avoid This Quarter Participants of the Security Summit such as the Internal Revenue Service along with other state tax agencies and the tax industry have cautioned tax professionals and businesses about a newly discovered scam. The scam they were talking about is similar to other phishing strategies done by scammers. …