Tax and Money Tip this Week:
TCJA Tax Reform Sticks It to Business Start-Ups that lose money
January 16, 2019 | No. 417
The Tax Cuts and Jobs Act tax reform added an amazing limit on larger business losses that can attack you where it hurts—right in your cash flow. And it works in some unusual ways that can tax you even when you have no real income for the year. When you know how this ugly new rule works, you have some planning opportunities to dodge the problem.
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Mark Vitek, CPA/PFS, CFP®
…until next week.