Has Massachusetts adopted the Federal Tax Law under the U.S. Tax Cut and Jobs Act of 2017 allowing you to defer capital gains through the investment in a Qualified Opportunity Fund? So, my question is can you defer the gain by an investment in a Qualified ...
This is a good question and one we see often in our practice dealing with individual international taxation including dual US/German citizenship under this specific regime. Many qualifying individuals have taken advantage of it or at least examined it ...
Hi All, I want to make sure my understanding of how to handle the 263A ("UNICAP") adjustment will work for the 2018 tax returns. Under the new tax law the 263A adjustment is no longer applicable for many small corporations. Here is the scenario. ...
With busy season drawing near, the MSCPA is taking to social media to promote the value of CPAs to your potential clients! With that being said, I’m happy to announce that during tax season, the we will continue to promote our Find A CPA Directory , where the public can search for a CPA based on their specific needs. If you are not currently in the Directory, you can sign up at mscpaonline.org/joinfindcpa . I’m also pleased to share that we will be running four tax season videos on YouTube to drive traffic to the Directory. The videos are a part of “ Real experts. Real results ,” the Society’s advertising campaign that was created in 2017 for CPAs in Massachusetts to increase the awareness of the value of CPAs. To watch the videos, click on the links below: Video 1: Directions to Boston ; Video 2: Call Nana ; Video 3: Reply All ; and Video 4: The New Form 1040 . MSCPA members can access ALL resources of this campaign and use ...