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Becker LLC
Wednesday, 28 March 2018

Livingston, NJ, March 2018 – On Friday, March 2, Becker LLC tax attorney and Partner, Kent Schwarz spoke in front of a full house of real estate agents, professionals and homeowners at the Keller Williams Towne Square Realty tax seminar in Basking Ridge, New Jersey.

 

Mr. Schwarz gave a compelling speech on the new tax reform legislation and, in particular, its impact on residential real estate and real estate professionals.  Topics included:

  • Changes in tax rates
  • Limitation on state and local tax deduction
  • AMT changes
  • New section 199A

Posted by: C. Lemon AT 08:43 am   |  Permalink   |  Email
Thursday, 25 January 2018

More American workers are testing positive for drugs than they have in the past 12 years, according to a recent study conducted by Quest Diagnostic.i Colorado and Washington, the first two states to “legalize” marijuana, have substantially surpassed the national average in this growing trend of positive drug test results for marijuana. In fact, Colorado saw an 11% increase and Washington saw a 9% increase in positive drug tests for marijuana as compared to just a 4% increase in the national average.  Read more...

Posted by: Timothy J. Szuhaj, Esq. AT 04:01 pm   |  Permalink   |  Email
Friday, 05 January 2018

One of the most important provisions of the new tax law is the deduction for qualified business income of pass-thru entities under new Code section 199A. While the provision is complicated and some details will need to be flushed out through regulations, administrative guidance and case law, a high level summary is as follows:

Owners of pass-thru entities can deduct twenty (20%) of so-called “qualified business income” (“QBI”) subject to certain limits. The deduction is below the line (does not reduce AGI), but permitted whether or not a taxpayer itemizes. There is a deduction limit based upon the level of W-2 wages being paid by the business which is the greater of (i) 50% of the taxpayer’s share of the W-2 wages of the qualifying business or (ii) 25% of such wages plus 2.5% of the unadjusted basis of depreciable tangible property held by the qualified business and used in the production of QBI.

Posted by: Kent Schwarz AT 03:45 pm   |  Permalink   |  Email
Monday, 30 October 2017

Becker LLC will be participating in a Day of Community Service at City Green Farm located in Clifton, New Jersey on Friday, October 6, 2017.   read more...

      

Posted by: Carol Lemon AT 01:36 pm   |  Permalink   |  Email
 

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