BLACKBURN, CHILDERS & STEAGALL, CPAS

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November 30, 2018

WHEN HOLIDAY GIFTS AND PARTIES ARE DEDUCTIBLE OR TAXABLE

The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties. Before you begin shopping or sending out invitations, though, it’s a good idea to find out whether the expense is tax deductible and whether it’s taxable to the recipient. Here’s […]
September 30, 2018

ONE STEP CLOSER: THE IRS WEIGHS-IN ON THE 20% PASS-THROUGH DEDUCTION

By Travis McMurray and Andy Clark Two hundred and twenty-nine days – that’s how long we’ve waited. The Tax Cuts and Jobs Act was signed into law on December 22, 2017 and on August 8, 2018, the IRS finally issued Proposed regulations (184 pages) for the new Section 199A deduction (aka 20% pass-through deduction). I […]
September 25, 2018

KEEP AN EYE OUT FOR EXTENDERS LEGISLATION

The pieces of tax legislation garnering the most attention these days are the Tax Cuts and Jobs Act (TCJA) signed into law last December and the possible “Tax Reform 2.0” that Congress might pass this fall. But for certain individual taxpayers, what happens with “extenders” legislation is also important. Recent history Back in December of […]