Jenifer Schembri, Author at Blalock Walters, P.A.

Tax Benefits for Investing in Qualified Opportunity Zones

Dec 3, 2018 | Tax Law

If you anticipate having a large capital gain before 2026, this is an investment you may want to consider. The Tax Cuts and Jobs Act of 2018 created tax deferral opportunities for capital gains which are invested in Qualified Opportunity Zones. Capital gains that are...

Tax Benefits Available for Investing in Qualified Opportunity Zones

Oct 5, 2018 | Tax Law

If you anticipate having a large capital gain before 2026, this is an investment you may want to consider. If you are in the position of incurring a capital gain from the sale of stock, real estate or other investment you have a unique opportunity to not only defer...

The Basics on Qualified Business Income Deductions

Jun 14, 2018 | Tax Law

While partners, members and shareholders of pass-through entities were provided a potential tax reduction in the 2017 Tax Reform Act in the form of a 20 percent Qualified Business Income Deduction of their pass-through earnings, determining an owner’s eligibility for...

Tax Reform 2017: What You Need to Know

Dec 8, 2017 | Tax Law

Table of Contents Corporate and Business. 2 Individuals. 7 Estate/ Gift Tax. 12 Charitable Contributions/ Non Profits. 13 Other. 14 Real Estate. 14 Depreciation. 14 2017 Tax Reform On December 22, 2017, President Trump signed the bill previously known as the Tax Cuts...

IRS Proposes New Estate & Gift Valuation Rules for Family Owned Businesses

Oct 4, 2016 | Estate Planning, Tax Law

In August, 2016 the IRS issued long anticipated proposed regulations under Section 2704 of the Internal Revenue Code that, if finalized, will substantially impact the estate and gift tax planning of family owned businesses. Pursuant to the proposed 2704 regulations,...