One of the new provisions in the December 2017 tax act was the creation of Qualified Opportunity Zones (“QOZ”). A QOZ is a population census tract that is a low-income community or a tract adjacent to a low-income tract that has been so designated by the Governor of a state. Each state has a minimum […]
Category: Financing
Recent Tax Changes to Section 199A
Recent changes to the federal tax code have caused a flurry of articles and editorial comments which, along with the inherent complexities of the tax changes themselves, have caused confusion to owners of pass-through entities. Here is a brief and accurate summary of the provisions of new Section 199A. An individual, partnership, S-corporation, or limited […]