Proposed qualified opportunity zone regulations issued on October 29, 2018 ( REG-115420-18) and May 1, 2019 ( REG-120186-18) under Code Sec. 1400Z-2 have been finalized with modifications. The regulations. which were issued in a 550 page document, are comprehensive. The regulations address issued related to all aspects of the gain...
The Fifth Circuit U.S. Court of Appeals ruled that the Patient Protection and Affordable Care Act’s (ACA) ( P.L. 111-148) individual mandate is unconstitutional because it can no longer be read as a tax, and there is no other constitutional provision that justifies this exercise of...
Every year when tax season rolls around and it’s time for all of us to start thinking about our 1040s, the tax specialists at Tampa’s Walter S. Sanders & Associates start hearing stories of tax scams. “Now with tax season upon us, individuals and groups will...
On December 20, President Donald Trump signed the bipartisan, year-end government spending and tax package, just hours before federal funding was set to expire. Trump's signature on the over 2,000-page spending package avoided a government shutdown. Year-End Tax Package The Further Consolidated Appropriations Act, 2020, (HR 1865),...