The Tax Cuts & Jobs Act

 

News and Articles

The Classification of Workers in the Era of Tax Reform

Posted: December 7, 2018
In an effort to prevent the misclassification of workers, the government employs a multi-faceted approach. How big is the employee misclassification problem today, and what is the government currently doing about it?

State Pass-Through Entity-Level Tax Implementation Issues

Posted: December 3, 2018
In response to new federal limitations for pass-through entities, many state tax policy makers are proposing, and several state legislatures have enacted, various approaches to assist their taxpayers in mitigating this new limitation on the federal income tax deduction for state and local taxes.

IRS Issues Proposed Regulations on Foreign Tax Credits

Posted: December 3, 2018
The IRS has issued proposed regulations on foreign tax credits for businesses and individuals.

IRS Issues Proposed Regs on New Business Interest Expense Deduction Limit

Posted: November 26, 2018
The IRS has issued proposed regulations for a provision of the Tax Cuts and Jobs Act which limits the business interest expense deduction for certain taxpayers.

Making Large Gifts Now Won’t Harm Estates After 2025

Posted: November 21, 2018
The IRS has announced that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels.

Understanding the New Kiddie Tax

Posted: November 8, 2018
The new tax law has made significant changes to the kiddie tax. Here's how the tax is determined under those rules.

Presentation Materials

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