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Never mind that taxpayers and tax practitioners alike are struggling to learn and understand the many nuances of the Tax Cuts and Jobs Act (TCJA) signed into law by the
On March 5, 2018, 11 Democratic members of the House Ways and Means Committee sent a letter to Acting Internal Revenue Service Commissioner David J. Kautter, requesting an explanation for
Most taxpayers realize by now that the Tax Cuts and Jobs Act (TCJA), which was enacted in December 2017, repealed the long-standing deductions for personal exemptions and dependent exemptions. The
In a recent interesting District Court case in Florida [Joseph M. McKenny, 121 AFTR 2d 2018-337 (DC FL)], the court found that a settlement obtained in a “malpractice” lawsuit was
One of the more painful revisions of the Internal Revenue Code arising from the Tax Cuts and Jobs Act (TCJA), enacted on December 22, 2017, was the repeal of the
On February 9, 2018, President Trump signed the Bipartisan Budget Act (H.R. 1892). The bill’s passage came after a short government shutdown had taken place on Thursday evening and into
The Treasury Department’s Office of Tax Policy and IRS use the Guidance Priority List each year to identify and prioritize the tax issues that should be addressed through regulations, revenue
The Pennsylvania Department of Revenue recently released its December 2017/January 2018 newsletter, which highlights tax developments over the past year in the following areas: the sales and use tax treatment
A long-time goal and initiative of tax reform, which came to fruition with the enactment of the Tax Cuts and Jobs Act (TCJA), has been serious corporate tax change. The
The massive changes set forth in the Tax Cuts and Jobs Act (TCJA) signed by the President on December 22, 2017, and effective for tax year 2018, continue to be
On December 22, 2017, Pennsylvania Acts 71 and 72 were signed into law and amend the filing requirements for non-profit organizations that conduct solicitation activities within the Commonwealth of Pennsylvania.
Determining if tax legislation is effective and accomplishing the goals of Congress in pushing the bill forward is not always easy to discern. Moreover, the longer-term effects on the economy
