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2020 Tax Facts Individuals & Small Business

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Tax Facts on Individuals & Small Business is a user-friendly, authoritative resource for professionals to help individual tax payers and business owners maximize opportunities under today’s often complex tax rules.

2021 editions will be available December 2020! The new edition contains updates on the latest tax information on issues that are most likely to affect small business owners, including capital gains and losses, compensation strategies, and rules governing self-employment income. Contact us to pre-order or learn more: 1-800-543-0874 or [email protected]

Tax Facts on Individuals & Small Business is the professional’s complete, authoritative resource to help individual tax payers and business owners maximize opportunities under today’s often complex tax rules. Tax Facts helps advisers of all kinds understand the tax implications of the recommendations that they make for their clients. This publication features:

  • Thousands of easy-to-read Q&As that comprehensively cover both individual tax issues and also tax issues that are most likely to be faced by small business owners
  • Practical advice for any professional, including CPAs, attorneys, and estate and financial planners
  • Detailed explanations of the various types of investment products and techniques that are most commonly used by individuals and businesses
  • Practice Points that give concise advice on how to handle real-world issues
  • Tax information to help advisers avoid costly mistakes, as well as correct problems when they do occur

New in the 2020 Edition:

  • Complete coverage of the QSEHRA rules
  • Complete coverage of the new depreciation rules
  • New partnership reporting rules
  • Coverage of new DOL rules on "gig" workers - when they are employees and when they are independent contractors
  • Updated information on the new associated health plans
  • New IRS FAQs on the Section 199A QBI deduction
  • Updated coverage of HSAs and HRAs
  • Updated inflation number projections

Topics Covered:

  • Capital gains and losses
  • Tax issues related to business income
  • Passive and active business income
  • Estate planning issues for small business owners
  • Bad debt and worthless securities
  • Small business valuation issues
  • Buy-sell agreements
  • Casualty and theft losses for individuals and businesses
  • Nontaxable exchanges
  • And More! See the “Table of Contents” section for a full list of topics
Additional Information
SKU 3190020
Book Option Print
Publication Date December 19, 2019
ISBN 978-1-949506-82-2
Page Count 736
Author Robert Bloink, Esq., LL.M.; William H. Byrnes, Esq., LL.M., CWM
Edition 2020
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