The Tax Cuts & Jobs Act

 

News and Articles

The New QBI Deduction is Finally Clearer

Posted: November 6, 2018
Recent proposed regulations on the Sec. 199A qualified business income deduction contain mostly good news for taxpayers, providing clarity and permitting many businesses to qualify for this important provision.

Do You Have the Skills to Benefit From the TCJA?

Posted: November 2, 2018
The Tax Cuts and Jobs Act (TCJA) may represent the biggest current growth opportunity for your firm, but it’s going to take some hard work on your part to reap the rewards.

Treasury, IRS Issue Proposed Regulations on New Opportunity Zone tax Incentive

Posted: October 19, 2018
Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investment in distressed communities throughout the country through tax benefits. The Treasury and IRS have issued proposed regulations on the Opportunity Zone tax incentive.

Highlights of Tax Reform for Businesses

Posted: October 10, 2018
The Tax Cuts and Jobs Act included a few dozen tax law changes that affect businesses. Most of the changes in the new law take effect in 2018 and will affect tax returns filed in 2019.

IRS Issues Guidance on Business Meal Deductions

Posted: October 3, 2018
Taxpayers may continue to deduct 50 percent of the cost of business meals if the taxpayer (or an employee of the taxpayer) is present and the food or beverages are not considered lavish or extravagant.

New Streamlined 1040 Tax Form for 2019 Is Not So Simple

Posted: September 28, 2018
The Internal Revenue Service’s decision to streamline the 1040 tax form for the 2019 tax filing season is leaving some taxpayers as well as certified public accountants (CPAs) with more work. Read to find out more.

Presentation Materials

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