IRS issues proposed regs on business interest limits
The IRS proposed rules that would govern the new business interest expense deduction limit in the Tax Cuts and Jobs Act (TCJA).
More on the alimony deduction
Our coverage of the recent AICPA Forensic & Valuation Services Conference sparked a few comments from readers concerning the elimination of the tax deduction for alimony that becomes effective December 31.
New tax law gets the spotlight at the AICPA FVS conference
BVWire attended the AICPA Forensic & Valuation Services Conference November 5-7 in Atlanta where there were a number of good sessions on the Tax Cuts and Jobs Act (TCJA), which impacts “everything” in valuation.
BVU News and Trends November 2018
A monthly roundup of key developments of interest to business valuation experts.
S corp group comments on Section 199A proposed rules
In August, the IRS issued proposed regulations explaining the new tax law’s “qualified business income” (QBI) deduction for pass-through entities (PTE) that will impact all business valuations.
BVU News and Trends October 2018
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends September 2018
A monthly roundup of key developments of interest to business valuation experts.
Restricted services re: QBI deduction
In last week’s BVWire, we mentioned that the new tax law’s 20% “qualified business income deduction” (QBID) for pass-through entities (PTE) is not allowed for those providing certain services and included in the list was insurance (under “brokerage services”).
Get-around to the QBI deduction restrictions
The IRS recently issued proposed regulations explaining the new tax law’s 20% “qualified business income deduction” (QBID) for pass-through entities (PTE).
How does the Tax Cuts and Jobs Act impact business valuation?
Learn how tax reform has impacted the world of business valuation and how to navigate key issues facing business appraisers, including how to adjust pre-Tax Act valuation multiples for post-Tax Act business valuations.
IRS issues long-awaited QBI deduction guidance
The IRS has issued proposed regulations explaining the new tax law’s “qualified business income” (QBI) deduction for pass-through entities (PTE).
Twelve Practical Ideas From NACVA’s 2018 Annual Conference
There was no shortage of good ideas at the annual conference of the National Association of Certified Valuators and Analysts (NACVA) in Las Vegas this past June.
BVU News and Trends August 2018
A monthly roundup of key developments of interest to business valuation experts.
Tax Reform 2.0 in the works
Republicans from the House Ways and Means Committee released a very top-level outline of their plans for what they call “Tax Reform 2.0.”
Fair Value in 2018: The Impact of the Tax Cuts and Jobs Act
What in business valuation does the Tax Cuts and Jobs Act impact? Everything—including fair value. Join Mark Edwards for a discussion on how NOLs, goodwill, and ASC 805 are all impacted by recent tax law changes. Understand the base erosion anti-avoidance tax provisions and how expensing tangible property impacts your fair value assignments. Be confident in the changes you make for 2018 engagements with a thorough review of your income and market approaches.
Trade war may shift use of tax cut’s windfall
The extra cash flow companies will see from the Tax Cuts and Jobs Act will affect valuation depending on how the funds will be used.
QBI guidance due out end of July
U.S. Treasury Department rules outlining which pass-through entities can claim the new 20% qualified business income (QBI) tax deduction are expected by the end of July, according to a report in AccountingToday.
New study predicts ‘mass’ conversion from PTE to C corp
A new study by Penn Wharton predicts a “mass conversion” of pass-through businesses to C corporation under the Tax Cuts and Jobs Act.
BVU News and Trends July 2018
A monthly roundup of key developments of interest to business valuation experts.
BV buzz at NACVA’s annual conference
BVWire was in Las Vegas last week at the annual conference of the National Association of Certified Valuators and Analysts (NACVA).
Checklist for Initial Information Request to Analyze Replacement Compensation
The Tax Cuts and Jobs Act (TCJA) will trigger much greater scrutiny on what constitutes reasonable compensation for owner-employees of pass-through entities (PTEs).
Firms expect significant valuation effects from tax reform
Tax and finance executives were asked the following question during a recent KPMG webinar: How significant do you expect the effects of tax reform to be on valuations performed for your business?
‘Does new bonus depreciation apply to intangibles?’
That was a question from the audience at the ASA/USC 13th Annual Fair Value Conference held May 10 in Los Angeles.
Flowchart seeks to sort out QBI
Arguably the most puzzling provision of the Tax Cuts and Jobs Act is the New IRC Code Section 199a, which allows a 20% write-off of “qualified business income” (QBI) for sole proprietors, owners of S corporations, and members of partnerships/LLCs.
New Tax Legislation Consequences on U.S. Transfer Pricing and Intangibles
The Tax Cuts and Jobs Act of 2017 (the Act) brought sweeping changes to the international tax landscape, including the transfer pricing arena. Intangible property is at the core of many of these changes. Plus, the IRS is cracking down on this area.