Tag: Tax

Understanding the Tax Implications of the Legal Marijuana Industry

The legal marijuana industry is growing – and fast! As of 2019, 11 U.S. states and Washington, DC, have legalized marijuana for recreational use. The number of states that allow medicinal use of the drug is also steadily growing. As the legal marijuana industry grows, there is also a growing need...


The Joint Committee on Taxation Publishes Data on New BEAT Provision

The Tax Cuts and Jobs Act added a new provision to the Internal Revenue Code called the “Base Erosion and Anti-abuse Tax” (BEAT). In April 2019, the Joint Committee on Taxation (JCT) published a report that offers insight into the number of corporations that will be impacted by the BEAT...


Joint Committee on Taxation Publishes Distributional Effects of TCJA

The Joint Committee on Taxation (JCT) recently published a series of documents tied to the Tax Cuts and Jobs Act. One of the documents receiving a great deal of attention is the “Distributional Effects of Public Law 115-97.” The document provides distributional tables and analysis of the Tax...


Recent Tax Changes to Keep in Mind For 2019

Now that tax season is over, it is important to look at some recent tax changes that affect compliance and planning for 2019.  These changes have been brought about by the Tax Cuts and Jobs Act (TCJA), new regulations, revenue procedures, notices, and other rulings. Medical deduction: The...