The IRS Code Section 199A 20% Qualified Business Income Pass-Through Deduction Has Been Clarified…Or Not!

Posted on January 15, 2019January 15, 2019 by Harvey I. Bezozi

One of the more dramatic provisions of the Tax Cuts and Jobs Act of 2017 (“The Act”), passed at the end of 2017 and effective January 1, 2018, is known as the “Qualified Business Income Deduction” or QBI deduction for short. The new QBI deduction is complex and regulations to explain the application of this Read more about The IRS Code Section 199A 20% Qualified Business Income Pass-Through Deduction Has Been Clarified…Or Not![…]

In the News: Credit Karma

Posted on January 10, 2019January 13, 2019 by Harvey I. Bezozi

The Taxpayer Advocate Service (TAS) is an independent unit of the Internal Revenue Service (IRS) whose job is to handle taxpayer hardships that cannot be resolved through normal channels via regular interactions with IRS employees. Harvey is a world-renowned expert in handling and resolving complex IRS cases for those business owners, celebrities, hedge fund managers, Read more about In the News: Credit Karma[…]

In the News: Business Insider

Posted on January 9, 2019January 12, 2019 by Harvey I. Bezozi

Harvey was quoted by the extremely popular business website Business Insider. Seasoned reporter Laura McCamy interviewed him, and “picked his brain” regarding tax deductions available to independent contractor (business owners), in an article entitled: “11 Tax Deductions Every Independent Contractor Should Know About.” The deductions highlighted, and the rules surrounding their applicability, allow the reader Read more about In the News: Business Insider[…]

In the News: MarketWatch

Posted on January 7, 2019January 10, 2019 by Harvey I. Bezozi

Harvey was quoted by MarketWatch in an article entitled: “4 Critical Ways the Government Shutdown Will Impact You” – His IRS expertise is in heavy demand by the major press outlets. As one of the most knowledgeable and well-connected tax professionals in the world, Mr. Bezozi handles super-complex IRS cases for high-profile business executives, entrepreneurs, Read more about In the News: MarketWatch[…]

In the News: Forbes

Posted on December 27, 2018December 28, 2018 by Harvey I. Bezozi

Harvey was quoted again by Forbes in an article entitled: “Turn The Market’s Drop To Your Advantage, Harvest Tax Losses.” He comments using his unique “outside the box” perspective bringing up an exception to the perilous “wash sale rule” – a technique used by the most experienced and sophisticated stock traders – known as the IRS Read more about In the News: Forbes[…]

In the News: LendingTree

Posted on December 20, 2018December 26, 2018 by Harvey I. Bezozi

Harvey was recently quoted by LendingTree in an article entitled: “Using A Home Equity Loan For Debt Consolidation.” The Tax Cuts and Jobs Act of 2017 has changed the way Home Equity Loans and Lines of Credit are treated for tax purposes. Previously, certain home equity debt interest payments could be deducted for tax purposes Read more about In the News: LendingTree[…]

The Public Benefit Corporation: Business and Social Responsibility Can Coexist

Posted on December 17, 2018December 17, 2018 by Harvey I. Bezozi

Traditional U.S. business organizational structures reflect a belief that making a profit and having a positive impact are competing or even mutually exclusive goals. Historically, incorporated entities have been forced to choose one path or the other. Nonprofit organizations focus on promoting the public good and cannot have shareholder-owners who benefit financially from operations. Corporations Read more about The Public Benefit Corporation: Business and Social Responsibility Can Coexist[…]

In the News: Forbes

Posted on December 10, 2018December 11, 2018 by Harvey I. Bezozi

Harvey was recently quoted by Forbes in an article entitled: ‎The Money Conversation 18 Million Unmarried Americans Need To Have. For a variety of reasons, in certain relationships it’s better and safer to keep finances separately. This applies to cohabitation relationships and married couples who have decided to divorce. Read Harvey’s take on this very Read more about In the News: Forbes[…]

Everyone Should Have a Roth IRA

Posted on November 14, 2018November 17, 2018 by Harvey I. Bezozi

The type of IRA one chooses has major tax and estate planning implications. In a previous article, I looked at the advantages of Self-Directed IRAs, noting that they are best suited for risk-tolerant, exceptionally knowledgeable investors. By contrast, a strong argument can be made that creating a Roth IRA is a wise choice for everyone, Read more about Everyone Should Have a Roth IRA[…]

In the News: CBS News

Posted on October 8, 2018 by Harvey I. Bezozi

Harvey was recently quoted by CBS News in an article entitled: Tax Avoidance by the Ultra-Wealthy is Perfectly Legal – CBS New‎s The very recent New York Times article attacked the Trump family (Fred Trump, the President’s father) for using aggressive tax planning tactics which are, in fact, entirely legal. These techniques, including the Grantor Read more about In the News: CBS News[…]