The recently enacted tax reform bill has made significant changes to the taxation of business.  This post summarizes some of the more substantial changes.

A recent decision by the Tax Court should serve as a warning to people that own multiple businesses but don't always "respect the corporate formalities" associated with each business entity. If you own more than one business and sometimes have Company A pay the expenses of Company B, or perhaps task an employee of Company A to do things for Company B, the IRS may deny your deductions.

Obamacare Taxes, Fines and Employer Mandates

Tax on Inherited IRAs