TAXATION

Visit IRS.gov for Data Protection Resources
 

Visit IRS.gov for Data Protection Resources

Posted: December 21, 2017
As part of the “Protect Your Clients; Protect Yourself” campaign, the IRS is looking to raise awareness among tax professionals about their legal obligation to protect taxpayer data and to highlight the security risks posed by identity thieves.



Tax Reform Legislation Takes First Step
 

Tax Reform Legislation Takes First Step

Posted: November 6, 2017
On Nov. 2, the House Ways and Means Committee released draft tax reform legislation. Among other things, The “Tax Cuts and Jobs Act,” H.R. 1, features new tax rates, a lower limit on the deductibility of home mortgage interest, the repeal of most deductions for individuals, and full expensing of depreciable assets by businesses.



IRS Will Enforce Health Coverage Reporting on 2017 Returns
 

IRS Will Enforce Health Coverage Reporting on 2017 Returns

Posted: October 16, 2017
The IRS updated its page on health care reporting requirements to inform taxpayers and tax practitioners that it will not accept electronically filed 2017 individual income tax returns unless taxpayers indicate that they and everyone on their return had health care coverage, qualified for an exemption from coverage, or will make a shared-responsibility payment (under Sec. 5000A).

10 Strategies to Minimize Your Client
 

10 Strategies to Minimize Your Client's Taxes

Posted: September 25, 2017
Tax professionals are always looking for ways to help clients save money on their taxes. The following article lists 10 tax planning strategies to consider that may not be top-of-mind.


New IRS Audit Partnership Rules to Impact Tax Planning
 

New IRS Audit Partnership Rules to Impact Tax Planning

Posted: July 14, 2017
New proposed IRS tax regulations that create a more centralized approach to partnership audits raise important tax questions for firms and their clients. The issue was discussed at NJCPA's Annual Convention & Expo last month.

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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