January 28, 2019

Member News: New subdivision could multiply Elmendorf’s population

From KSAT By Garrett Brnger – Reporter City of ‘pretty close to about 2,000’ prepares for 3,500-home subdivision   ELMENDORF, Texas – Elmendorf is a small, sleepy city on the verge of possibly multiplying its population with an enormous new subdivision. “There’s been some growth over these years, but nothing quite as dramatic as what […]

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Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deduction

WASHINGTON — Today the Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction). The new QBI deduction, created by the 2017 Tax Cuts and Jobs Act (TCJA) allows many owners of sole proprietorships, partnerships, S corporations, trusts,

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