Tax Law


Oct 2020

Second Chances: Opportunity Zones as an Alternative for Failed 1031 by Partnerships, S Corporations, and Nongrantor Trusts

By: David S. Hansen Most real estate investments help through some form of entity for liability protection purposes. These entities are often a partnership or an S Corporation. Such investors may make the decision that it would be prudent to terminate a particular investment in real property from time to time. Perhaps they believe the market is at a high point. Perhaps they wish to...

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Mar 2020

How to Receive Employer Tax Credit for Paid Sick Leave During Coronavirus

Written by David S. Hansen Among the early stimulus/relief measures that the U.S. government passed earlier this month was a refundable tax credit for paid sick leave paid by certain employers under specified conditions. The IRS recently released some guidance regarding how employers receive credit here: The pertinent section telling employers how to receive the credit and how much of a credit is here:...

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Mar 2020

Coronavirus Stimulus: Why it May Pay to Wait on Filing your 2019 Tax Return

Written by David S. Hansen           If you are about to file your 2019 tax return, STOP, and read this first.  Filing early could cost you thousands of dollars. As you may be aware, the Senate yesterday unanimously passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES”) that gives cash payments out to most Americans. If it passes in the...

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Apr 2019

Borderland Tax Tips: Issue #1: Last Chance for Maximum Opportunity Zone Benefits

By David S. Hansen Background: On December 22, 2017, The Tax Cuts and Jobs Act of 2017 (the “TCJA”) was passed into law in an atmosphere of bitter partisanship. So bitter in fact, that Democrats successfully initiated a maneuver to change the official name of the TCJA to “The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on...

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Dec 2018

Notice of Key Issues for End of 2018 Legal Tax Planning

As many of you are aware, there have been many changes to U.S. tax law this year with numerous opportunities and pitfalls. To help you avoid the pitfalls and take advantage of the opportunities, we wanted to provide a list of tax issues you should be considering before the end of the year.


Mar 2014

IRS Ruling Includes Estate Tax Exemption Portability Relief

ScottHulse Issues Guide to Ruling Which Includes Retroactive Benefits for Some Widows and Widowers   On January 27, 2014 the IRS announced a simplified procedure to provide retroactive tax relief to certain individuals whose spouses died after December 31, 2010 and before January 1, 2014. ScottHulse PC would like to make you aware of a window of opportunity for widows and widowers to take advantage...

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Dec 2013

Mexico Tax Reform: Implications for the Maquiladora Manufacturing Industry

In October 2013, the Congress of Mexico passed and approved a package of laws that amend and repeal some existing tax laws and also create new tax laws that will take effect in 2014 (“Tax Reform”). Some of the laws are yet to be published in the official gazette, but most of those laws will become effective January 1, 2014. Even though the Tax Reform...

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