TAXATION



The Surprising Impact of the SALT Deduction Limit
 

The Surprising Impact of the SALT Deduction Limit

Posted: January 18, 2019
As we move through the current tax season, clients will be reminded how the Tax Cuts and Job Act (TCJA) has impacted their tax situation. When it was enacted, many of our clients were justifiably concerned that the new $10,000 limit on the deductibility of those taxes on their Form 1040 would negatively affect them. Find out how they fared.

Beyond Section 199A: Other TCJA Tax Changes
 

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.


Understanding Section 199A
 

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 Confirms Tax Filing Season to Begin Jan. 28
 

IRS Confirms Tax Filing Season to Begin Jan. 28

Posted: January 8, 2019
Despite the government shutdown, the IRS has confirmed that it will process tax returns beginning Jan. 28, 2019, and provide refunds to taxpayers as scheduled.

IRS to Stop Faxing Tax Transcripts
 

IRS to Stop Faxing Tax Transcripts

Posted: December 19, 2018
After working with the tax preparation community, the IRS has announced it will stop its tax transcript faxing service as of Feb. 4, 2019, and offer a more secure alternative to taxpayers and tax professionals.


2019 Standard Mileage Rates Announced
 

2019 Standard Mileage Rates Announced

Posted: December 18, 2018
The IRS has issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

The Federal Taxation Interest Group provides an open forum to discuss and educate members on Federal taxation issues, both domestic and international. 

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