SELF DIRECTED IRA’S ADVANTAGES

Self directed IRA’s advantages. Tax advantaged retirement accounts, such as IRA’s are one of several options to save for retirement. When you establish a traditional IRA with a bank, investment house, or trust company, you are ordinarily limited to a narrow range of investment options, such as CD’s, publicly traded stocks, bonds, mutual funds, and […]

DISALLOWED TRANSPORTATION PART TWO

Disallowed transportation part two. The IRS has issued regulations implementing changes to Section 274 that disallow a deduction for QTF or Qualified Transportation Fringe. The Proposed regulations also include a special rule for certain mixed parking expenses to reduce administrative burdens for taxpayers and simplify calculations. While Notice 2018-99 addressed only expenses related to parking […]

SMALL HOSPITALS BILKED PART TWO

Small hospitals bilked part two. Representatives of the American Hospital Association, a lobbying group for the country’s largest hospitals, communicated with Alex M. Azar, the department secretary, and Eric Hargan, the deputy secretary overseeing the funds. Chip Kahn, president of the Federation of American Hospitals, which lobbies on behalf of for profit hospitals, said he […]

TRUMP’S TAXES MAY GET POLITICAL

Trump’s taxes may get political. The recent decision by a Federal Judge to allow the Manhattan prosecutor’s office to obtain President Trump’s taxes may throw a wrench into the election. Even though Trump has appealed, the process may play out prior to the election, and what happens then is only known to Trump and his […]

GOP TAX REFORM

GOP tax reform. The Trump administration and congressional Republicans are working toward unifying around a single GOP tax reform bill, aiming to pass the legislation this year. But there are still some key differences between the priorities of the White House and the Senate that need to be ironed out. Speaker Paul Ryan (R.-Wis.) and […]