2019 Year End Tax Newsletter for Businesses

December 12, 2019 The following is excerpted from the Dowell Group newsletter for 2019, which covered a range of topics for individuals and businesses. The following letter was prepared and distributed to clients and friends of Dowell Group, LLP.  The letter discusses individual and business tax planning ideas that may be appropriate in certain situations. …

Qualifed Opportunity Zones and Form 8996

by Gregory S. Dowell February 11, 2019 A relatively quiet provision in the Tax Cuts and Jobs Act (TCJA) created “qualified opportunity zones” in certain designated low-income communities.  Investors in Qualified Opportunity Funds (QOFs), which invest in these qualified opportunity zones, are allowed certain tax advantages for investing in these communities.  Internal Revenue Code section…