TAXATION

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.

IRS Warns of Tax Transcript Email Scam
 

IRS Warns of Tax Transcript Email Scam

Posted: November 20, 2018
The IRS and Security Summit partners are warning the public of a surge of fraudulent emails impersonating the IRS and using tax transcripts as bait to entice users to open documents containing malware.

Record Retention for Tax Return Preparers
 

Record Retention for Tax Return Preparers

Posted: November 19, 2018
The rules on record retention can be complex. It's important to stay up to date on federal, New Jersey and New York record retention requirements and recommendations for tax preparers.

Understanding the New Kiddie Tax
 

Understanding the New Kiddie Tax

Posted: November 8, 2018
The new tax law has made significant changes to the kiddie tax. Here's how the tax is determined under those rules.

The New QBI Deduction is Finally Clearer
 

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?
 

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.

401(k), IRA Contribution Limits to Increase
 

401(k), IRA Contribution Limits to Increase

Posted: November 1, 2018
The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.


Highlights of Tax Reform for Businesses
 

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.

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

Join