A major disaster could not only affect your family, home, and possessions, it could have a big impact on your business, causing damage, loss in income or worse – you could be forced to close down. In fact, approximately 25% of businesses do not reopen after a natural disaster – for several reasons. This is […]
Displaying: October 2019
Comprehensive Online
Course Includes: n n n n 4 Modules comprised of 4 chapters each n Reading and Reference Materials n Learning Activities n Real world examples and applications n Quizzes & Tests n Instructor support by email n Automatic online grading with feedback n n n n n California Edition is a CTEC approved qualifying course […]
IRS Offers Safe Harbor to Claim Rental Real Estate as QBI Deduction
The IRS issued Revenue Procedure 2019-38 on September 24th, 2019, finalizing a safe harbor under Section 199A for rental real estate owners to claim a qualified business income deduction of up to 20%. Defining “Rental Real Estate Enterprise” For the real estate business to qualify for the safe harbor, it must meet the definition of […]
IRS Finalizes New Bonus Depreciation Regulations
The IRS finalized a new law for depreciation under the Tax Cuts and Jobs Act (TCJA), allowing businesses to immediately expense more qualified property. The final regulations put into effect the August 2018 proposed regulations but include some modifications. The final regulations include expensing of section 179 property, an increase in bonus depreciation from 50% […]