gop tax reform Archives - Gumbiner Savett

IRS issues proposed regulations on the pass-through business income deduction
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IRS issues proposed regulations on the pass-through business income deduction

Tax Cuts and Jobs Act, Tax Planning

IRS issues proposed regulations on the pass-through business income deduction

By Gumbiner Savett Editor|2018-08-31T18:10:20+00:00August 13th, 2018|Categories: Tax Cuts and Jobs Act, Tax Planning|Tags: 2018 tax, business cpa firm los angeles, business cpa los angeles, business tax cpa santa monica, business tax reform, gop tax reform, tax cuts and jobs act, tax reform pass through entities|

The IRS recently released highly anticipated regulations addressing the deduction for up to 20% of qualified business income (QBI) from pass-through entities. The deduction was a major component of the Tax Cuts and Jobs Act, which became law late last year. It has also been referred to as the pass-through deduction, the QBI deduction or [...]

Looming tax reform creates year end tax planning challenges
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Looming tax reform creates year end tax planning challenges

News

Looming tax reform creates year end tax planning challenges

By Gumbiner Savett Editor|2017-10-26T18:45:12+00:00October 26th, 2017|Categories: News|Tags: 2017 tax planning, business tax reform, cpa santa monica gumbiner savett, gop tax reform, tax cpa santa monica, trump tax plan, year end tax planning challenges, year end tax planning for businesses|

As the end of 2017 approaches, the prospect of dramatic tax reform could mean year end tax planning challenges for businesses. In late September, the Trump administration and Republican congressional leaders unveiled their Unified Framework for Fixing Our Broken Tax Code. The framework proposes reduced tax rates for businesses and changes to a variety of business [...]