Author : Tim Elkins
Publisher :
ISBN 13 : 9781724010315
Total Pages : 509 pages
Book Rating : 4.0/5 (13 download)
Book Synopsis Elkins' Tax Guide 2019 Edition by : Tim Elkins
Download or read book Elkins' Tax Guide 2019 Edition written by Tim Elkins and published by . This book was released on 2018-09-25 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2019 Edition of the Elkins' Tax Guide includes a separate 63-page Section that discusses all provisions of the "Tax Cuts and Jobs Act (TCJA)." This lets readers see those provisions all in one place without going through the entire text of the Guide. Also, all provisions of the TCJA are incorporated into the text of the 24 Chapters of the Guide.Included in the discussion of the Tax Cuts and Jobs Act (TCJA), among other provisions, are details of the: (1) 20% deduction under Section 199A; (2) Business interest expense limitation; (3) Repatriation tax; (4) Participation exemption; (5) Global Intangible Low Tax Income (GILTI); (6) Foreign Derived Intangible Income (FDII); and (7) Base Erosion and Anti-Abuse Tax (BEAT). The TCJA allows a deduction of up to 20% on qualified business income of passthrough entities such as sole proprietorships, partnerships, and S-corporations for tax years beginning after Dec. 31, 2017. The Guide includes a clear description of qualifications for the 20% deduction and examples of how it is computed. And the same can be said for the other six provisions mentioned above. Also, any IRS proposed regulations applicable to these and other provisions of the TCJA are shown, and a "link" is provided to access the proposed regulations.Every effort has been taken to make the Elkins' Tax Guide easy to understand. The intent was to write the book in plain, understandable English, trying to make the complicated tax laws and regulations easier to grasp. The contents of the Guide are cross-indexed to other Sections and Chapters in the Guide that may provide further explanations without readers having to search for the information. In addition, the Guide includes "links" that readers can "click on" and their computer will take them directly to PDFs of applicable IRS forms, publications, court cases, and proposed regulations. Of course, this can only be done if you have the Kindle version of the Guide, but the links are shown in the printed version, so all you have to do is type in the links on your computer.Chad Elkins has his own CPA practice in Chicago. He is Certified Public Accountant (CPA), and in addition to having his own practice for several years, he has had experience working for the U.S. Tax Court and the Tax Division of the U.S. Department of Justice. Chad graduated with an MBA from the University of Notre Dame, and he passed all parts of the CPA exam the first time he took it with outstanding scores. The CPA exam is considered the most difficult professional exam, with the CPA designation regarded as the most difficult professional license to obtain. If you need help with your taxes or you just have a tax question, please feel free to contact Chad Elkins, CPA, in Chicago at (703) 217-6646. You can also contact Chad through his website and on Yelp at:https://www.elkinscpa.com or https://www.yelp.com/biz/chad-elkins-cpa-chicago?start=20