BA Harris LLP

4th Quarter Estimated Tax Payments

Published on Monday, January 07, 2019

The federal government may be closed, but they still want your quarterly tax payments. Reminder, 4th quarter estimated tax payments are due January 15. If you have any questions, don't hesitate to contact our office. Read More...

Does your company have Economic Nexus?

Published on Tuesday, December 18, 2018

Does your company have Economic Nexus? Read More...

Opportunity Zone Investments

Published on Tuesday, December 11, 2018

For decades, one of the most popular tools to defer taxes on capital gains has been the 1031 Exchange, offering almost unrivaled potential in the tax planning arena. However, the Tax Cuts and Jobs Act of 2017 has introduced The Opportunity Zones Program (OZP) which may benefit certain patient investors by providing an even more lucrative option than a 1031 exchange. The initiative offers taxpayers with large investment gains not only tax deferral, but tax savings of up to 15% of the original gain and even 100 percent of the gain from the subsequent disposition of your investment in the Qualified Opportunity Zone (QOZ). Unlike a 1031 Exchange, the OZP is not limited to real estate gains or exchanges, nor must the new investment be “Like-Kind” Additionally, the OZP offers the ability to keep some cash from the originating capital gain transaction (up to your basis in that capital gain asset) and you have 180 days to reinvest some or all of the remaining gain (without a qualified intermediary). Read More...

Recordkeeping Retention

Published on Friday, November 30, 2018

Recordkeeping Retention Read More...

Informational Return Reminders

Published on Tuesday, November 27, 2018
As we approach the end of the year it is a good time to start thinking about informational return (Forms 1099, etc) requirements. We have included a link to a blog we posted last year highlighting the filing requirements. We also want to specifically point out that these filing requirements also pertain to payments made in connection with owning rental real estate.  If you have any questions regarding informational returns, please don't hesitate to contact our office. Read More...