TAXATION

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.

Preparers Share Their Initial Problems with the TCJA
 

Preparers Share Their Initial Problems with the TCJA

Posted: July 5, 2018
Last December’s Tax Cuts and Jobs Act was the biggest change in tax administration in a generation, so it’s only natural that there would be issues with its implementation. So which problems loom first and biggest with tax preparers?


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.


Tax Reform and 2019 Returns
 

Tax Reform and 2019 Returns

Posted: May 2, 2018
While the majority of taxpayers’ returns from the tax season just completed were not affected by the Tax Cuts and Jobs Act, the impact of its provisions will be felt for years to come – and right now is a good time to start getting ready.



Understanding the New Sec. 199A Business Income Deduction
 

Understanding the New Sec. 199A Business Income Deduction

Posted: April 9, 2018
The deduction, which lets businesses other than corporations deduct 20 percent of qualified trade or business income earned in a qualifying trade or business, is subject to limitations. Find out what they are and how the deduction works.

IRS Issues Guidance on Business Interest Expense Limitations
 

IRS Issues Guidance on Business Interest Expense Limitations

Posted: April 2, 2018
The notice describes rules addressing the calculation of the business interest expense limitation at the level of a consolidated group of corporations and other rules to clarify certain aspects of the law as it applies to corporations.

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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