U.S. Secretary of Treasury Steven Mnuchin announced today the tax deadline for U.S. taxpayers will be extended to July 15, 2020. This was at the direction of the Trump administration in an effort to provide additional time to file and make payments w...

Q: Do the new tax laws change the thinking on Roth IRAs? There are several good reasons to contribute to a Roth IRA, and the Tax Cuts and Jobs Act (TCJA) make it a little more attractive. The Roth IRA allows individuals to make a nondeductible contri...

The Internal Revenue Service (IRS) has issued highly anticipated final regulations under Internal Revenue Code Section 965, the Transition Tax (TT) provision added by the Tax Cuts and Jobs Act (TCJA). Sec. 965 generally requires U.S. shareholders to ...

Created to encourage economic growth and investment in low-income communities, the Tax Cuts and Jobs Act created a new tax incentive for investors to consider –  Opportunity Zones. With several areas of Houston identified as part of this program, ...

The Tax Cuts and Jobs Act (TCJA) imposed an excise tax on certain highly compensated employees of tax-exempt organizations, including credit unions. Specifically, a 21 percent excise tax is assessed on “remuneration” in excess of $1 million paid ...

Q.  Will tax reform limit my business interest expense in 2018? Possibly. If your average gross receipts for the past three years are $25 million or more, business interest expense may be limited for tax years 2018 through 2022. The gross receipts t...

Often, a nonresident alien’s first entry into the U.S. economy is through the purchase of U.S. residential real estate, be it for personal, investment or rental purposes. In fact, from April 2017 through March 2018, foreign buyers purchased $12...

The Internal Revenue Service (IRS) opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline, this year consider filing as soon as you can. Why? You can potentially pr...