The Tax Cuts & Jobs Act

 

News and Articles

IRS Issues Guidance on Business Meal Deductions

Posted: October 3, 2018
Taxpayers may continue to deduct 50 percent of the cost of business meals if the taxpayer (or an employee of the taxpayer) is present and the food or beverages are not considered lavish or extravagant.

New Streamlined 1040 Tax Form for 2019 Is Not So Simple

Posted: September 28, 2018
The Internal Revenue Service’s decision to streamline the 1040 tax form for the 2019 tax filing season is leaving some taxpayers as well as certified public accountants (CPAs) with more work. Read to find out more.

New Employer Tax Credit for Paid Family and Medical Leave Available for 2018 And 2019

Posted: September 24, 2018
​The IRS has announced that eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019.

Guidance on Reimbursement of Employee Moving Expenses Under the TCJA

Posted: September 21, 2018
Employer payments or reimbursements in 2018 for employees’ moving expenses incurred prior to 2018 are excluded from the employee’s wages for income and employment tax purposes.

IRS Pushes Back Major W-4 Changes Until 2020

Posted: September 21, 2018
The IRS is pushing back implementation of a redesigned Form W-4 to tax year 2020, allowing the agency to keep working on a new approach to the employee withholding form.

Vacation Home Rentals and the TCJA

Posted: September 19, 2018
Taxpayers who have vacation homes they rent and use for personal purposes might find they face more complicated calculations under the new tax law, which this article illustrates with examples comparing 2017 with 2018.

Presentation Materials

The AICPA has developed two PowerPoint presentations for CPAs to use when discussing the Tax Cuts & Jobs Act with various audiences: