Proposed Regs Provided for Code Sec. 163(j) Limit
The IRS has proposed regulations on the limitation on the business
interest expense deduction under Code Sec. 163(j), as amended by
the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). The IRS also has
Deductions Denied to Medical Marijuana Dispensary
A nonprofit corporation that operated a medical-marijuana
dispensary legally under California law was not allowed to claim
deductions for business expenses on its federal return. Code Sec.
2019 Standard Mileage Rates Released
The IRS released the optional standard mileage rates for 2019. Most
taxpayers may use these rates to compute deductible costs of
operating vehicles for:...
Proposed Regs Address Foreign Tax Credit Changes
Highly anticipated foreign tax credit regulations have been issued
that provide guidance on the significant changes made to the
foreign tax credit rules by the Tax Cuts and Jobs Act ( P.L.
Guidance on 2019 Withholding Rules
The IRS has provided interim guidance for the 2019 calendar year on
income tax withholding from wages and withholding from retirement
and annuity distributions. In general, certain 2018 withholding
CRG Waddill, CPAs is a small, relationship-based CPA firm conveniently located in Brentwood, TN. We specialize in small business and individual tax planning and preparation along with accounting and bookkeeping services that are tailored to fit our clients' individual needs. We are confident that you will enjoy working with our partners, accountants, and bookkeepers as we continue to help you and your business succeed.
At CRG Waddill, CPAs, our clients are as varied as the challenges businesses face every day. We serve businesses in many different industries including real estate, retail, contractors, health care, farming, and home-based businesses to name a few. We provide numerous services to companies, individuals, trusts, and estates including accounting and bookkeeping services, tax planning and preparation, business development, and compliance.
Please feel free to contact us with any questions or comments you may have - we'd love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.