Tax Bill – More on the New 20% Pass-Through Deduction

As I noted in a prior blog post, the new tax bill (TCJA) creates new Code Section 199A that provides for a 20% deduction for the non-wage portion of pass-through income. NOTE: The deduction is limited to 50% of an entity’s W-2 wages for married joint filers with income over $315,000 and single filers with income over $157,500. This deduction sunsets after 2025. Continue reading

House Passes H.R. 1 – Tax Reform Bill

The House of Representatives today passed its tax bill (H.R. 1) by a 227-203 vote. The bill sets a permanent 20 percent corporate tax rate, doubles the estate and generation skipping tax exemption (leading to repeal in 6 years), institutes a new system for calculating taxation of pass-through… Continue reading

Emily Richards of Sade Clarity and Largest Tax Increase on Blueprint for Wealth!

Please join Wayne Zell and Emily Richards, Founder and President of Sade Clarity, at 10am, Saturday, May 26th, on Blueprint for Wealth, on 1500AM (820AM).  Emily Richards will discuss how she helps companies implement nutrition and fitness offerings so that their employees can achieve a life of health, wellness and balance. … Continue reading

Preview: Beware of Largest Tax Increase in History!

If Congress and the President do nothing by December 31, 2012, taxpayers will experience the largest tax increase in U.S. history in 2013.  This increase consists of expiring tax cuts enacted during the Bush II administration, expiring payroll tax cuts extended earlier this year and other tax increases passed as part of Obama Care that take effect in 2013.  These increases will exceed $4.3 trillion over 10 years.  The expiring provisions may not be extended as they were in 2010.  And, we are waiting for the Supreme Court to rule on the constitutionality of Obama Care, which may further impact the tax landscape. 

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Join Wayne Zell and Jeremy Farber of PC Recycler this Saturday on Blueprint for Wealth!

Please join Wayne Zell and Jeremy Farber, President and CEO of PC Recycler, at 10am, Saturday, April 14th, on Blueprint for Wealth, on 1500AM (820AM).  Jeremy Farber will discuss how he started his environmentally friendly PC recycling company.  In the first segment of the show, Wayne Zell will discuss 8 income items the IRS cannot touch… Continue reading

Blueprint for Wealth 2012

12/29/12:  Segment 1: Private Equity, Part 2 of 2

                  Segment 2: Emily Richards, Founder & President of Sade Clarity

12/22/12:  Segment 1: Private Equity, Part 1 of 2

                  Segment 2: Mark Pollak, Amerprise Financial Services, Inc.

12/15/12:  Segment 1: Fiscal Cliff

                  Segment 2: Michael Heller & Sally… Continue reading