by CGS3 | Apr 2, 2020 | Coronavirus, COVID-19, Insight Alert, IRS, Tax
Americans coping with the impact of the coronavirus (COVID-19) outbreak received some relief as both the Internal Revenue Service (IRS) and the California Franchise Tax Board (FTB) recently took unprecedented steps to delay tax filing and payment deadlines. However,...
by CGS3 | Feb 25, 2020 | Opportunity Zones, Tax, Trends
Among the recently released final Opportunity Zone regulations is a brand-new rule that gives qualified investors a second chance at deferring federal taxes, even when their Section 1031 exchange has failed in a given year. The complicated process mainly involves...
by CGS3 | Mar 6, 2019 | Financing, Tax, Trends
Continuing its regulations on Opportunity Zones, the IRS has issued new revisions to the Qualified Opportunity Fund that focus on penalties for investors who fail to meet the investment standards set forth in Form 8668. These new rules apply to both QOFs and...
by CGS3 | Jul 19, 2018 | IRS, Tax, Trends
It is no secret that the “Tax Cuts and Jobs Act,” which went into effect January 1st of this year, is the largest tax reform bill in decades. Among the Act’s extensive changes are new rules under Code Section 1031: personal property assets may no longer be exchanged...
by CGS3 | May 8, 2018 | Tax, Trends
The recently enacted Tax Cuts and Jobs Act generally allows for a 20-percent deduction for qualified business income earned by a partnership, LLC, S Corporation or sole proprietorship. However, income from a specified service business is outside of this provision,...
by CGS3 | Mar 2, 2018 | Building Innovation Series, News Release, Tax, Trends
FOR IMMEDIATE RELEASE Contact: Sydnie Moore (619) 823-8448 [email protected] Making Real Estate Great Again New Tax Planning Opportunities and Strategies That No Longer Work SAN DIEGO (March 2, 2018) – The recently enacted Tax Cuts and Jobs Act just hit the...
