News and Articles
Posted: May 2, 2018
While the majority of taxpayers’ returns from the tax season just completed were not affected by the Tax Cuts and Jobs Act, the impact of its provisions will be felt for years to come – and right now is a good time to start getting ready.
Posted: April 30, 2018
Changes to tax law make it less likely that individuals will have a tax benefit from making charitable contributions. Find out how to deal with these developments for individual taxpayers and not-for-profit organizations.
Posted: April 26, 2018
The IRS has announced relief for taxpayers with family coverage under a High Deductible Health Plan who contribute to a Health Savings Account.
Posted: April 16, 2018
Due to a provision in the recently enacted Tax Cuts and Jobs Act, a corporation with a fiscal year that includes Jan. 1, 2018 will pay federal income tax using a blended tax rate and not the new flat 21 percent tax rate.
Posted: April 9, 2018
The deduction, which lets businesses other than corporations deduct 20 percent of qualified trade or business income earned in a qualifying trade or business, is subject to limitations. Find out what they are and how the deduction works.
Posted: April 2, 2018
The notice describes rules addressing the calculation of the business interest expense limitation at the level of a consolidated group of corporations and other rules to clarify certain aspects of the law as it applies to corporations.
The AICPA has developed two PowerPoint presentations for CPAs to use when discussing the Tax Cuts & Jobs Act with various audiences: