November 2017

The November newsletter features articles on the current state of tax reform, limits on partner’s loss deductions, jointly-held property, and a special Thanksgiving message from DMJ.

DMJ Sanford Adds New CPA to Team

DMJ & Co., PLLC (DMJ), a Top 300 North Carolina CPA firm, is pleased to announce that Drew Haddock, CPA has joined the firm as a supervisor in DMJ’s Sanford, NC office. Drew has more than five years of experience as a tax and accounting professional handling tax...

Limits on a Partner’s Loss Deductions

As you are probably aware, one of the advantages of doing business as a partnership (or S corporation), as opposed to a regular corporation, is that the business losses “pass through” to the partners and can be deducted by them on their individual tax...