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...
by CGS3 | Nov 27, 2017 | Entity Formation, IRS, Q&A, Tax, Trends
The Tax Cuts and Jobs Act (H.R.1) introduced into Congress in early November provides a road map for a comprehensive reform of the nation’s tax code. Such an overhaul could prove to be significant for real estate businesses and influence the strategies they...
by CGS3 | Nov 20, 2017 | Entity Formation, IRS, Tax, Trends
The nation’s tax code may see a major overhaul before long in the form of the Tax Cuts and Jobs Act (H.R.1). As is often the case, the House and Senate versions contain significant differences in several key areas, including individual and corporate tax rates,...
