The Tax Cuts & Jobs Act


News and Articles

Mitigating Risk Related to Tax Reform

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.

Payments Under State or Local Tax Credit Programs May Be Deductible as Business Expenses

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.

Less Than Half of CPAs’ Clients Have Reviewed and/or Updated Their Withholdings Following TCJA

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.

5 Top Tax Reform Opportunities for Businesses

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.

Proposed Regs Issued on Charitable Contributions and SALT Credits

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.

IRS Issues Proposed Section 199A Regulations

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: