News and Articles
Posted: September 14, 2018
Manufacturing C corporations doing business in New Jersey are benefiting the most from the Tax Cuts and Jobs Acts (TCJA) because the corporate income tax paid to New Jersey, or any other state where the company conducts business, is deductible on its federal tax return. This may or may not be the case for flow-through entities.
Posted: September 11, 2018
Guidance proposed by the U.S. Department of the Treasury and the IRS in August would limit the amount that can be claimed as a charitable contribution deduction when the contribution results in a credit toward their property tax bill.
Posted: September 6, 2018
Two primary liability risks are expected for tax practitioners as a result of the Tax Cuts and Jobs Act. Proper planning can help practitioners avoid these risks.
Posted: September 6, 2018
The IRS has clarified that business taxpayers who make business-related payments to charities or government entities for which the taxpayers receive state or local tax credits can generally deduct the payments as business expenses.
Posted: August 28, 2018
More than 50 percent of CPAs surveyed earlier this month said that less than half of their clients have reviewed and/or updated their withholdings due to the tax changes from the 2017 Tax Cuts and Jobs Act.
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.
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.
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.
Presentation Materials
The AICPA has developed two PowerPoint presentations for CPAs to use when discussing the Tax Cuts & Jobs Act with various audiences: