Cut through the static of the Tax Cuts and Jobs Act (TCJA) with a discussion on what we learned from applying the provisions of the TCJA during the first tax filing season for construction and real estate. Guest Jason Grosh joins host Damien Martin to reflect on key takeaways and look to what’s ahead. Here’s what’s covered:

Key TCJA changes for contractors [01:17] Are contractors actually making accounting method changes after the TCJA? [05:48] Challenges with the lack of guidance [10:39] Planning considerations for contractors after the TCJA [13:31] Record keeping considerations after tax reform [20:00] Enhanced depreciation deductions [23:21] Credits and incentives [25:25] C versus S corporation after the TCJA [27:23]

BIO FOR GUEST

Director Jason Grosh is a member of BKD National Construction & Real Estate Group. Jason provides tax services for contractors, real estate developers, hospitality companies, manufacturers and telecommunications companies. He focuses on tax planning for multistate partnerships, LLCs and corporations and on business succession planning, including buy-sell agreements, deferred compensation plans and merger and acquisition agreements.

Connect with Jason on LinkedIn

ADDITIONAL RESOURCES

Learn more about some of the topics discussed in the episode: Construction, Contracting & Developer Tax Issues by Nathan Fitzgerald (August 12, 2019) Calculating Gross Receipts for Small Contractors Under the TCJA by Katie Baker and Jason Grosh (August 5, 2019) Resources mentioned in the episode: The QBI Deduction: Insights on the Latest Guidance presented by Damien Martin and Kori Zey (January 31, 2019) “Simply Tax” episodes covering §199A: Episode 8 Episode 16 Episode 35 Episode 37 Episode 43 Episode 46 Episode 54 “Simply Tax” Episode 72: State & Local Tax Insights on the TCJA “Simply Tax” Episode 44: The R&D Tax Credit Learn more about tax reform with BKD's Tax Reform Resource Center

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