On May 12, the Republican majority leadership in the House of Representatives released for consideration its tax and spending reconciliation legislation, called the “One Big, Beautiful Bill” (the “Bill”). This major piece of...more
5/19/2025
/ Corporate Taxes ,
Employee Benefits ,
Estate Tax ,
Foreign Derived Intangible Income (FDII) ,
GILTI tax ,
HSA ,
Income Taxes ,
International Tax Issues ,
Nonprofits ,
Proposed Legislation ,
SALT ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Reform ,
Wealth Management
The Massachusetts legislature, overriding Governor Baker’s prior veto, has voted to enact a new elective pass-through entity (“PTE”) tax designed as a way for PTE owners to get out from under the $10,000 cap ($5,000 for...more
The Tax Cuts and Jobs Act of 2017 (“TCJA”) established a program to provide preferential tax treatment for new investments made after December 31, 2017 in certain tracts of land in economically-distressed communities, known...more
4/23/2019
/ Capital Gains ,
Community Development ,
Internal Revenue Code (IRC) ,
IRS ,
Opportunity Zones ,
Proposed Regulation ,
Real Estate Development ,
Real Estate Investments ,
Safe Harbors ,
Tax Cuts and Jobs Act ,
Tax Deferral ,
U.S. Treasury
Q: Why did the Tax Cuts and Jobs Act of 2017 create the “Opportunity Zones” provision?
A: Qualified Opportunity Zones are low income census tracts nominated by governors and designated by the U.S. Treasury Department. The...more
The Tax Cuts and Jobs Act of 2017 (“TCJA”), enacted in December 2017, now allows investors to delay including capital gains from various investments in income by reinvesting those gains into so-called Qualified Opportunity...more
On December 22, 2017, President Trump signed into law legislation, known as the Tax Cuts and Jobs Act (“TCJA”), which is the most extensive overhaul of the United States Internal Revenue Code (the “Code”) in 30 years. In...more
4/2/2018
/ Alternative Minimum Tax ,
Charitable Donations ,
Colleges ,
Corporate Taxes ,
Excise Tax ,
Executive Compensation ,
Exempt Organizations ,
Nonprofits ,
Tax Cuts and Jobs Act ,
Trump Administration ,
UBTI ,
Universities