Tax Law Archives - Page 2 of 5 - Blalock Walters, P.A.

New Law Requires Employers to Provide Paid Sick Leave to Employees Impacted by Coronavirus

Mar 20, 2020 | Coronavirus, Labor & Employment, Tax Law

Yesterday evening, President Trump signed an emergency bill, the Families First Coronavirus Response Act, expanding the family and medical leave provisions under federal law. The act provides for Emergency Leave related to caring for children as well as additional...

Online Retailers Prepare for the Worst as States Update Sales Tax Laws Post Wayfair Decision

Jan 4, 2019 | Tax Law

Online retailers who were once immune to sales tax under the doctrine of Quill Corp. v. North Dakota, which required physical presence in the state in order for the state to a levy sales and use tax, will begin to feel the bite of sales tax levies, as states update...

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...

New Partnership Audit Rules: Why You May Need an Updated Partnership or LLC Operating Agreement

May 29, 2018 | Tax Law

In 2015, the Bipartisan Budget Act completely overhauled the IRS audit rules for partnerships, which include limited liability companies (LLCs) taxed as partnerships and their partners. Those rules will go into full effect for tax returns filed for the 2018 tax year....

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