Tag Archives: QBI

By Josh Miller, CPA Tax Manager We’re coming up on the second anniversary of the signing of the Tax Cuts and Jobs Act. With one filing season under our belts, some questions have been answered while many remain. When it comes to the impact of the TCJA on businesses, we’re happy to provide greater clarity […]

The IRS has issued a draft form (Publication 535) that directly contradicts proposed regulations provided this past August, specifically lumping real estate agents and brokers as well as insurance agents and brokers with all other “brokerage services” as Specified Service Trade or Business (SSTB). Furthermore, it extends the definition of brokerage services to any income sourced […]