TAXATION


The Classification of Workers in the Era of Tax Reform
 

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
 

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 Extends Transition Relief for Unclaimed Property
 

IRS Extends Transition Relief for Unclaimed Property

Posted: November 21, 2018
IRS has extended the transition relief in Rev. Rul. 2018-17 (Withholding and Reporting With Respect to Payments from IRAs to State Unclaimed Property Funds) so that a person will not be treated as failing to comply with the withholding and reporting requirements with respect to payments made before the earlier of Jan. 1, 2020, or the date it becomes reasonably practicable for the person to comply with those requirements.

Making Large Gifts Now Won’t Harm Estates After 2025
 

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.

Managing the Compression of Tax-Season Work
 

Managing the Compression of Tax-Season Work

Posted: November 20, 2018
There are many ways a firm can prepare in order to reduce stress and manage the work compression of a busy tax season. These include evaluating clients, training new staff and frontloading any work possible.

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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