TAXATION



Offshore Voluntary Disclosure Incentive Program to End Sept. 28
 

Offshore Voluntary Disclosure Incentive Program to End Sept. 28

Posted: August 27, 2018
The IRS’s offshore voluntary disclosure incentive (OVDI) program, which allows taxpayers to come forward and disclose foreign bank and other financial accounts and receive immunity from civil and criminal prosecutions, will be expiring on September 28, 2018. Time is running out if you have unreported foreign assets and wish to comply under the OVDI program.

5 Top Tax Reform Opportunities for Businesses
 

5 Top Tax Reform Opportunities for Businesses

Posted: August 27, 2018
There are no fewer than 130 new tax provisions in the Tax Cuts and Jobs Act, but with tax practitioners starting to focus on helping clients address the act’s impact, here are five major planning opportunities for businesses.

Proposed Regs Issued on Charitable Contributions and SALT Credits
 

Proposed Regs Issued on Charitable Contributions and SALT Credits

Posted: August 23, 2018
Today the U.S. Department of the Treasury and the IRS issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit.


IRS Issues Proposed Section 199A Regulations
 

IRS Issues Proposed Section 199A Regulations

Posted: August 8, 2018
The IRS has issued proposed regulations for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.

Treasury, IRS Propose Regs on New 100-Percent Depreciation
 

Treasury, IRS Propose Regs on New 100-Percent Depreciation

Posted: August 3, 2018
The Treasury Department and the IRS have issued proposed regulations on the new 100-percent depreciation deduction that allows businesses to write off most depreciable business assets in the year they are placed in service.


The Effect of Tax Law Changes on Financial Planning
 

The Effect of Tax Law Changes on Financial Planning

Posted: August 2, 2018
Taking advantage of tax efficiency can make a significant difference in your clients’ personal lifestyles during retire­ment. It is most often the clients’ biggest expenditure, so it is important to help them reach their goals by following the new strategies available.

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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