TAXATION

New Streamlined 1040 Tax Form for 2019 Is Not So Simple
 

New Streamlined 1040 Tax Form for 2019 Is Not So Simple

Posted: September 28, 2018
The Internal Revenue Service’s decision to streamline the 1040 tax form for the 2019 tax filing season is leaving some taxpayers as well as certified public accountants (CPAs) with more work. Read to find out more.

IRS Issues 2018-19 Per-Diem Rates
 

IRS Issues 2018-19 Per-Diem Rates

Posted: September 27, 2018
Business travelers who incur expenses while traveling away from home have new per-diem rates to use in substantiating certain of those expenses.

Vacation Home Rentals and the TCJA
 

Vacation Home Rentals and the TCJA

Posted: September 19, 2018
Taxpayers who have vacation homes they rent and use for personal purposes might find they face more complicated calculations under the new tax law, which this article illustrates with examples comparing 2017 with 2018.


Offshore Voluntary Disclosure Incentive Program to End Sept. 28
 

Offshore Voluntary Disclosure Incentive Program to End Sept. 28

Posted: August 27, 2018
The IRS’s offshore voluntary disclosure incentive (OVDI) program, which allows taxpayers to come forward and disclose foreign bank and other financial accounts and receive immunity from civil and criminal prosecutions, will be expiring on September 28, 2018. Time is running out if you have unreported foreign assets and wish to comply under the OVDI program.

Proposed Regs Issued on Charitable Contributions and SALT Credits
 

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.

The Effect of Tax Law Changes on Financial Planning
 

The Effect of Tax Law Changes on Financial Planning

Posted: August 2, 2018
Taking advantage of tax efficiency can make a significant difference in your clients’ personal lifestyles during retire­ment. It is most often the clients’ biggest expenditure, so it is important to help them reach their goals by following the new strategies available.

On the Move: Change of Domicile
 

On the Move: Change of Domicile

Posted: May 16, 2018
Domicile is important in determining a client’s primary state of residence for income and estate tax purposes. For income tax purposes, resident individuals are taxed on their worldwide income by their domiciliary state. Find out more.



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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