TAXATION

Highlights of the Tax Cuts and Jobs Act
 

Highlights of the Tax Cuts and Jobs Act

Posted: March 9, 2018
Among the major tax law changes are reform of individual tax rates, treatment of business income of individual taxpayers, repeal of individual tax deductions, reduction in the corporate tax rate and increase in deductions for business capital investment.​


IRS Releases Updated Withholding Calculator
 

IRS Releases Updated Withholding Calculator

Posted: February 28, 2018
The Internal Revenue Service today released an updated Withholding Calculator on IRS.gov and a new version of Form W-4 to help taxpayers check their 2018 tax withholding following passage of the Tax Cuts and Jobs Act in December.


 AICPA Sends Congress Recommended Technical Corrections to New Tax Law
 

AICPA Sends Congress Recommended Technical Corrections to New Tax Law

Posted: February 22, 2018
Recommendations include clarifying the effective date for net operating losses for fiscal year filers, clarifying the property class life on qualified improvement property and correcting a section concerning charitable deductions that reduces the allowed charitable deduction if assets other than cash are donated.






The Federal Taxation Interest Group provides an open forum to discuss and educate members on Federal taxation issues, both domestic and international. 

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