Posted: June 14, 2018
When will the IRS issue guidance on new Internal Revenue Code section 199A? That’s the number-one question on CPAs’ minds related to the Tax Cuts and Jobs Act.
Posted: June 13, 2018
The new tax law has made changes to taxation of tax-exempt organizations, including to the unrelated business income tax. Here's a look at those changes and their implications for state taxes.
Posted: May 25, 2018
Individuals and businesses have additional time to file an administrative claim or to bring a civil action for wrongful levy or seizure, according to the IRS.
Posted: May 25, 2018
The IRS has provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect move-related vehicle expenses, un-reimbursed employee expenses and vehicle expensing.
Posted: May 23, 2018
The U.S. Department of the Treasury and the IRS issued a notice today stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes.
Posted: May 2, 2018
While the majority of taxpayers’ returns from the tax season just completed were not affected by the Tax Cuts and Jobs Act, the impact of its provisions will be felt for years to come – and right now is a good time to start getting ready.
Posted: April 30, 2018
Changes to tax law make it less likely that individuals will have a tax benefit from making charitable contributions. Find out how to deal with these developments for individual taxpayers and not-for-profit organizations.
Posted: April 26, 2018
The IRS has announced relief for taxpayers with family coverage under a High Deductible Health Plan who contribute to a Health Savings Account.