Monthly Archives: July 2018

The Impact of Qualified Business Income to the Valuation of a Pass-Through Entity

By |2019-05-14T09:10:00-05:00July 11th, 2018|Business Valuation, Change, Preparation, Saving, Tax, Tax Planning, Tax Reform|

Unlike “C” Corporations, who are taxed on their earned income at the entity level and then taxed again at the individual level on dividend distributions (distributed earnings), pass-through entities, such as “S” Corporations, Limited Liability Companies (LLC’s), and Partnerships, are taxed only at the individual owners or partners rate. However, with the implementation of the [...]

Iowa 179 Problems Grow Larger with No Like-Kind Exchange for Equipment and Livestock

By |2018-07-12T09:08:38-05:00July 3rd, 2018|Agriculture, Change, Deductions, IRS, Tax, Tax Reform|

Susan K. Voss, CPA, has over 30 years of public accounting experience, and she specializes in farm operations, agri-business, and individuals and their closely-held businesses. In continuation of Susan's last article, let’s review another key IRC Section 179 issue impacting Iowa’s agricultural community. Thank you Kristine A. Tidgren from the Center for Agricultural Law and Taxation [...]