The Tax Cuts & Jobs Act

 

News and Articles

Final Regulations Issued on New Qualified Business Income Deduction

Posted: January 18, 2019
​The Treasury Department and the IRS have issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction).

Beyond Section 199A: Other TCJA Tax Changes

Posted: January 18, 2019
While the Section 199A deduction has overshadowed many of the other various federal tax changes — as it should, it’s a pretty big deal — let’s not forget about additionally important business and individual provisions that will affect just about everyone.

Effective Structuring in 2019 to Avoid SALT Exposure

Posted: January 8, 2019
Effectively evaluating and monitoring changing state tax benefits and detriments is becoming vital rather than optional as the business tax climate in all states becomes more demanding and complicated.

Understanding Section 199A

Posted: January 8, 2019
While the addition of a SALT deduction limitation in the Tax Cuts and Jobs Act hurt many taxpayers, the new Section 199A deduction may create a more favorable tax outcome for some. Learn the basics.

IRS Issues Guidance on Changes to Excess Business Losses and NOLs

Posted: December 18, 2018
The IRS has issued guidance on excess business loss limitations and net operating losses following law changes in the Tax Cuts and Jobs Act.

IRS Provides Initial Guidance on New Tax Benefit for Stock Options and Restricted Stock Units

Posted: December 10, 2018
The IRS has issued Notice 2018-97 offering guidance on a recent tax law change that allows qualified employees of privately-held corporations to defer paying income tax, for up to five years, on the value of qualified stock options and restricted stock units (RSUs) granted to them by their employers.

Presentation Materials

The AICPA has developed two PowerPoint presentations for CPAs to use when discussing the Tax Cuts & Jobs Act with various audiences: