Tag Archives: Tax return

New Investment Vehicle Called An Opportunity Zone

The Tax Cuts and Jobs Act of 2017 established a new investment vehicle called an Opportunity Zone. An Opportunity Zone is an economically disadvantaged community where investments are potentially incentivized. Due to the new tax law, investments in these communities may be eligible for tax breaks. Opportunity Zones have now been allocated in every stateContinue reading “New Investment Vehicle Called An Opportunity Zone”

How Section 163(j) Helps Small Businesses

With the passing of the Tax Cuts and Jobs Act of 2017 came Section 163(j). Section 163(j) calls for the limitation of deductions for business interest expense. All taxpayers who have business interest expenses are subject to Section 163(j) except those that meet the requirements for the gross receipts test. In order to meet theContinue reading “How Section 163(j) Helps Small Businesses”