News Updates
Principal Fotene Liakatas Peddy Honored by NAWBO Chicago
On May 1, 2018, NAWBO Chicago honored Miller Cooper Principal Fotene Liakatas Peddy with its Corporate Women of Achievement Award. This award honors women who supports women in the entrepreneurial community through advocacy and mentorship. Founded in 1975, NAWBO (the...
Review Reporting Obligations for Foreign Accounts and Investments
U.S. taxpayers should review reporting obligations for foreign accounts and foreign investments to avoid civil and criminal penalties. U.S. taxpayers have information reporting obligations with respect to holdings in foreign accounts as well as non-U.S. investments....
Bipartisan Budget Act of 2018 includes Extensive Tax Provisions
On February 9, Congress passed and President Trump signed into law the Bipartisan Budget Act (BBA) of 2018. While the main aim of the legislation was avoiding a government shutdown by increasing government spending limits and raising the debt ceiling, the BBA contains...
2018 Tax Reform: Key Individual Provisions
The Tax Cuts and Jobs Act (The Act) has been characterized as the first major reform of the Internal Revenue Code in 31 years. The legislation slashes the top corporate tax rate to 21%, lowers the top marginal rate for individual taxpayers to 37%, eliminates or scales...
Focus on the Tax Cuts and Jobs Act: Qualified Business Income (Pass-through Income Deduction)
Over the past few months, Miller Cooper’s Tax Update has focused on different areas impacted by the TCJA. This issue looks at Past-through Income Deductions. For more information on the TCJA, visit our “Tax Guide Online” website and click on the “What’s New” button,...
New Depreciation and 179 Provisions
Epact 179D and 45L Building Energy Incentives Extended for 2017 On February 9, 2018 the President signed into law the Bipartisan Budget Act of 2018. The bill provides a one-year retroactive extension of Sections 179D and 45L energy tax incentives for certain property...
Impact of Recent Tax Reform on the Private Equity Industry
On December 22, 2017 President Trump signed the Tax Cuts and Jobs Act (the “Act”) which will have a far reaching impact on private equity funds, their investors and portfolio companies. The following is a summary of key provisions of the Act that will affect private...
John Hoffman Joins the Firm as a Managing Director of Specialty Tax Services
John P. Hoffman, CPA, MBA, has joined Miller Cooper's Tax Department as a Managing Director of Specialty Tax Services. His focus is maximizing tax incentives related to real estate and other fixed assets. In addition to cost segregation, he works on projects involving...
Tax Reform Bill: House Version vs. Senate Version
This is a follow up to our earlier communication which is intended to summarize at a “high level” some of the more important items where Congress needs to reconcile their respective bills (House passed Nov. 16. and Senate on Dec. 2nd). We focused on some of the...
Congratulations to Our New Managing Principal and Chairman
Miller Cooper congratulates Kristen Fitzpatrick on her promotion to Managing Principal and Ross Pearlstein on his promotion to Chairman of the Firm. Ross Pearlstein had served as Managing Principal since 2001. Ross continues as a member of the Firm’s Executive...