Qualified Business Income Deduction for 2018
Will you have Qualified Business Income (QBI) in 2018? Is it from a specified service? The Tax Cuts and Jobs Act brings changes for businesses with QBI. The time to start planning and compiling your records is now. This one-page flowchart plus definitions provides a breakdown of a deduction, if applicable, and the limitations.
LOUIS J. CERCONE, JR., CPA, CFE, CFF, ABV, ASA, CVA
Lou is the Managing Director of Brisbane Consulting Group in charge of business valuations, forensic accounting, and litigation support services. He has extensive valuation experience and has served as a financial consultant and expert to attorneys in the economic aspects of matrimonial dissolution. He has been engaged in several forensic accounting cases and has served the judiciary as a court appointed expert and receiver for financially troubled companies. He has testified as an expert witness in State Supreme Court and Federal Court. Lou has also been engaged in the quantification of lost income in determining business interruption claims for insurance adjusters.