March 2018

Trump Signs Bipartisan Budget Act; Tax Extenders Included

President Trump on February 9 signed the Bipartisan Budget Act into law after a brief government Read more [...]

Treasury Moves To Repeal 298 Unnecessary, Obsolete Regulations

The Treasury Department has proposed repealing 298 regulations. According to the Treasury, the targeted Read more [...]

IRS Posts Best Practices For Individual Mandate

The IRS has posted best practices for return preparers addressing the Affordable Care Act’s individual Read more [...]

Additional Partnership Audit Regs Tackle Basis/Capital Accounts

New proposed regulations under the centralized partnership audit regime address how and when partnerships Read more [...]

IRS Issues Guidance On Accounting Period Changes By Foreign Corporations To Prevent Avoidance of Transition Tax

The IRS has issued guidance for certain specified foreign corporations owned by U.S. shareholders subject Read more [...]

Administration’s FY 2019 Budget Prioritizes IRS Enforcement, Proposes Few Tax-Law Changes

The Trump administration on February 12 released its much-anticipated fiscal year (FY) 2019 budget request, Read more [...]

February 2018

President signs bill delaying three ACA taxes

President Trump signed legislation on January 22 to delay the medical device excise tax, the health insurance Read more [...]

IRS instructs employers to use new withholding tables

Much-anticipated withholding tables for 2018 have been posted by the IRS. While the new withholding Read more [...]

IRS launches 2018 filing season

The 2018 filing season for 2017 tax-year returns officially launched on January 27. On the other end Read more [...]

Meals & Entertainment Deductions under the New Tax Law

The new Tax Cuts and Jobs Act made several changes to the tax treatment of certain business expenses. Here Read more [...]

Tax Cuts and Jobs Act (TCJA)

Read more [...]

January 2018

Top 10 tax developments with impact on 2018

The start of a New Year presents a time to reflect on the past 12 months and, based on what has gone Read more [...]

Standard mileage rates increase, while higher depreciation limits kick in

The IRS has released the 2018 optional standard mileage rates to be used to calculate the deductible Read more [...]

New year brings new tax code

January 1, 2018 not only brings a new year, it brings a new federal Tax Code. The just-passed Tax Cuts Read more [...]

January 2018 tax compliance calendar

January 4 Employers. Semi-weekly depositors must deposit employment taxes for Dec 27–Dec 29.   January Read more [...]

December 2017

Tax debate touches every individual, business

Small business taxation, corporate tax rates, and changes to popular deductions are just some of the Read more [...]

Information reporting deadlines coming up fast

Information reporting has become a growing part of IRS’s enforcement and compliance strategy. Data Read more [...]

Year-end planning for capital gains and losses

As an economic incentive for individuals to save and invest, gains from the sale of capital assets held Read more [...]

December 2017 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting Read more [...]

November 2017

Tax reform takes on new momentum as year-end approaches

Tax reform discussions continue on Capitol Hill with legislation expected to be released very soon. GOP Read more [...]

IRS reminds taxpayers of ACA requirements; White House seeks administrative changes

As the 2018 filing season nears, the IRS is reminding taxpayers that the Affordable Care Act (ACA) remains Read more [...]

Year-end tax planning for 2017: challenges/opportunities

Year-end tax planning can provide most taxpayers with a good way to lower a tax bill that will otherwise Read more [...]

November 2017 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting Read more [...]

October 2017

IRS exam staffing falls; audit coverage declines

IRS Exam staffing in fiscal year (FY) 2016, the latest tax year with statistics available, reached a Read more [...]

Congressional tax writers set to take up reform proposals

Tax writers in Congress are set to begin debating and writing tax reform legislation. On September 27, Read more [...]
Load More Posts