Ong & Company Blog

Net Investment Income Surtax

Richard Ong / May 29, 2019 /

Tax Planning

The new tax legislation enacted late in 2017 rewrites large sections of the tax code. However, one key provision for investors has remained in place: the tax on net investment income (NII). Although ...

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20% QBI Deduction for Rental Real Estate

Landlords: Review the new 199A safe harbor rule Owners of pass-through entities (S corporations, partnerships and limited liability companies) and sole proprietors can benefit from a new deduction ...

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Can I Deduct My Boat?

Richard Ong / May 01, 2019 /

Tax Deductions

Sail away with boating tax breaks It's well known that a home can be a valuable source of tax deductions while you own the place and a six-figure tax exclusion when you sell. But did you know you can ...

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