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Section 199A – Qualified Business Income Deduction (QBID)

Qualified Business Income Deduction (QBID) – Rental Enterprise The Tax Cuts and Jobs Act of 2017 (TCJA) provides the most significant tax legislation changes in the United States for the last 30 years. Due to the nature & quantity of the tax changes, the IRS continues to provide final guidance on matters into 2019. The […]

Withholding Tax on a Foreign Partnership

With a foreign partnership, you may need to pay a withholding tax on that partner.  A partnership that has income effectively connected with a U.S. trade or business is required to pay a withholding tax on the effectively connected taxable income that is allocable to its foreign partners.  A foreign partner is anyone who is […]