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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 […]

Foreign Trust

Under U.S. law, a trust is a foreign trust unless both of the following conditions are satisfied: (1) a court within the U.S. exercises primary supervision over the administration of the trust; and (2) one or more U.S. persons have the authority to control all substantial decisions of the trust. General Tax Reporting Rules In […]