TAXATION

IRS Pushes Back Major W-4 Changes Until 2020
 

IRS Pushes Back Major W-4 Changes Until 2020

Posted: September 21, 2018
The IRS is pushing back implementation of a redesigned Form W-4 to tax year 2020, allowing the agency to keep working on a new approach to the employee withholding form.

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.

Mitigating Risk Related to Tax Reform
 

Mitigating Risk Related to Tax Reform

Posted: September 6, 2018
Two primary liability risks are expected for tax practitioners as a result of the Tax Cuts and Jobs Act. Proper planning can help practitioners avoid these risks.


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.


IRS Issues Proposed Section 199A Regulations
 

IRS Issues Proposed Section 199A Regulations

Posted: August 8, 2018
The IRS has issued proposed regulations for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.

Treasury, IRS Propose Regs on New 100-Percent Depreciation
 

Treasury, IRS Propose Regs on New 100-Percent Depreciation

Posted: August 3, 2018
The Treasury Department and the IRS have issued proposed regulations on the new 100-percent depreciation deduction that allows businesses to write off most depreciable business assets in the year they are placed in service.


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