The Tax Cuts and Jobs Act (“TCJA”) is a treasure trove of tax law changes which may (at least temporarily) reduce the tax liability of businesses. One area of tax benefit for businesses is the TCJA expansion of the expenses...more
The Tax Cut and Jobs Act of 2017 (TCJA) established a new economic development incentive, known as an “Opportunity Zone”. ...more
4/13/2018
/ Community Development ,
Economic Development ,
Investment Funds ,
LIHTC ,
Low Income Housing ,
Low-Income Issues ,
New Legislation ,
New Market Tax Credits ,
Opportunity Zones ,
Public Finance ,
State and Local Government ,
Tax Cuts and Jobs Act ,
Tax Deferral ,
Tax Reform ,
Trump Administration
Against all odds, Congress, on a straight party-line vote, enacted the most significant tax reform the U.S. has witnessed in more than 30 years. The tax reform legislation, known as the “Tax Cuts and Jobs Act,” significantly...more
2/26/2018
/ Alternative Minimum Tax ,
Business Taxes ,
Capital Gains ,
Corporate Taxes ,
Gaming ,
Hospitality Industry ,
Income Taxes ,
International Tax Issues ,
Net Operating Losses ,
New Legislation ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration
Executive Summary and Takeaway:
Trade secrets and confidential information are receiving increasing protection in many states, and as more states perceive this as a "business friendly" issue, this trend will continue and...more
2/21/2018
/ Alternative Minimum Tax ,
Corporate Taxes ,
Defend Trade Secrets Act (DTSA) ,
Employment Contract ,
Gaming ,
Hospitality Industry ,
Intellectual Property Protection ,
International Tax Issues ,
Legitimate Business Interest ,
New Legislation ,
Non-Compete Agreements ,
Restrictive Covenants ,
State and Local Government ,
Subject Matter Jurisdiction ,
Tax Cuts and Jobs Act ,
Tax Reform ,
Trade Secrets ,
Unfair Competition ,
Uniform Trade Secrets Acts
For tax attorneys, tax reform is always a hot topic. President Trump was elected with GOP majorities in both chambers of Congress, which would normally make the forecast for tax reform actually being enacted favorable. ...more