September 2018

The SBA Made 6 Monthly Loan Payments on Your Behalf. Is That Taxable Income?

Are you one of the millions of businesses that have an outstanding non-disaster Small Business Administration (SBA) loan? These include: 7(a) loans: general small business loans of up to $5 million, 504 loans: loans of up to $5.5 million to provide financing for major fixed assets such as equipment or real estate, and microloans: short-term […]

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How Capital Gains Can Hurt Your New 199A 20 Percent Tax Deduction

Hello Everyone,   There is some confusion out there about how the new Section 199A tax deduction is calculated, particularly around the “Taxable Income” definition, which is the starting point for the entire calculation.   To clarify:  Taxable Income is the starting point for your Section 199A deduction, and you can obtain that number from

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