Contained in the TCJA, qualified opportunity zones are a new tax incentivized investment vehicle aimed at encouraging investment in low-income housing. Here are the highlights:
Qualified Opportunity Zones
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Charitable Contributions After Tax Reform
One of the changes made by the new tax act was to increase the standard deduction to $12,000 or $24,000 for a married couple filing jointly. The upshot of that will be that many people will claim the standard deduction
Texas Powers of Attorney
A power of attorney is a document in which you give someone else the power to act on your behalf for financial transactions. Texas, like many states, has adopted a statutory durable power of attorney form. The form has a
Estate Planning is Like Golf
I was recently at Bandon Dunes Golf Resort, a great golfing experience. I have been there a few times, and every time the course and the weather present unique challenges. This time I was hit with cold, high wind and
Exiting an S Corporation is a Sticky Wicket
I generally don’t recommend structuring a business as an S corporation. Unlike LLCs and partnerships, the S corporation rules (i) restrict the number and type of owner, (ii) provide no flexibility in allocating income and loss, (iii) do not allow