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With simplicity seemingly in the eyes of the beholder, the Internal Revenue Service (IRS) released the 100+ pages of Draft Instructions for the 2018 Form 1040, U.S. Individual Income Tax
The income tax provisions in the Tax Cuts and Jobs Act (TCJA) affecting individual taxpayers are temporary and, without further action by Congress and the “in-office” President, will revert to
The Tax Cuts and Jobs Act (TCJA), enacted on December 22, 2017, provides a new tax credit for tax years 2018 and 2019 to employers that provide paid family and
On September 10, 2018, House Republicans unveiled their “Tax Reform 2.0” legislative package, which has been anticipated following the enactment of the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The
The idea to index capital gains to inflation is not a new one. Largely supported by Republicans and criticized by Democrats, this issue has been argued by the legislative and
As has been discussed frequently in our posts, the Tax Cuts and Jobs Act of 2017 limited the amount of state and local taxes (SALT) deductible as an itemized deduction
A common planning strategy for reducing taxable income in a “regular” subchapter C corporation is through the payment of management fees and other charges to related entities (generally-pass-through enterprises or
For many Pennsylvania seniors, the property tax and rent rebate program has been an important tool in their financial planning. One of the inequities in computing the appropriate rebate has
Thanks to the Tax Cuts and Jobs Act (TCJA), enacted on December 22, 2017, small businesses with average annual gross receipts of $25 million or less in the prior three-year
NetSuite’s cloud-based financial management system can help financial professionals eliminate the headaches of closing the books at period-end and enjoy the benefits of continuous accounting, which aims to distribute the finance
The IRS has recently issued guidance on Sec. 199A- Deduction for Pass-Through Entities. Read the Tax Alert for more details.
An exceedingly meaningful business incentive added by the Tax Cuts and Jobs Act, enacted on December 22, 2017 by President Trump increased the amount of qualifying fixed asset acquisition costs
