Tax Warrior Chronicles

Tax Considerations for Pass-Through Entities: §§ 199A and 163(j)

Posted on Tue, Jul 30, 2019

By: Jeremy Ferman, CPA, MA


The Tax Cuts and Jobs Act (“TCJA”) added several complicated tax laws to the books, adding a level of complexity for even the smallest pass-through entity returns.  As we enter the home-stretch of the extended filing season, we will examine arguably the two most difficult areas for pass-throughs to navigate: §§ 199A and 163(j). 

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New Partnership K-1 Disclosure Requirement - The IRS's Threat and Partial Retreat… We Mean Relief!

Posted on Fri, Mar 08, 2019

By: Chris Catarino, CPA, MT and Joseph Criscuolo, CPA


Buried in the 2018 instructions to Form 1065, U.S. Return of Partnership Income, is a new reporting requirement with a whopping noncompliance penalty. The blow-back from practitioners on this sneaky new disclosure was so great the IRS issued penalty relief provisions this week… here's the scoop.

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Entity Structure Differences and Why It Matters

Posted on Wed, Mar 06, 2019

By: Joseph Brunell, CPA


The Tax Cuts and Jobs Act of 2017 (“TCJA”) made one of the most important decisions when starting a new business--choosing an  entity type, even more important.  The tax considerations associated with the type of entity chosen now has greater consequences under the TCJA and should be explored in greater detail.  Here, we will look at the differences in the two main categories of entity structures.

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