Thomas B. Johnson 's Articles

2018 Tax Returns Will Break New Ground

On December 22, 2017, Congress passed, and the President signed, the Tax Cuts and Jobs Act (TCJA). The bill had numerous provisions that lowered tax rates, eliminated deductions and implemented new tax concepts into the tax law. The lowering of rates and elimination of deductions are fairly straightforward to incorporate into our planning, compliance work, and the advice we give to you. For many questions regarding deductions, the answer is now NO, and different tax rates are a one-time change to computer formulas.

Real Estate Investing Pitfalls and Strategies

When embarking on a real estate investment project, there are numerous financial and tax issues considerations to address. This article covers a sampling of issues to consider as you plan your project.

New Net Investment Business Tax Affects Real Estate Industry

Finance and Commerce recently published an article, "Net Investment Business Tax hits real estate," by Boulay Partner, Tom Johnson, CPA