Banks, Insurers Get Relief From Accounting Effects of Tax Law Change
The FASB updated U.S. GAAP to alleviate concerns from banks and insurance companies about the accounting implications of the Tax …
2017 Tax Reform: Last-minute year-end moves for businesses in light of Tax Cuts and Jobs Act
With the signing into law of the Tax Cuts and Jobs Act (the Act), Congress has enacted the biggest tax …
Thomson Reuters Launches Comprehensive Tax Cuts and Jobs Act Toolkit
Thomson Reuters has released a robust Checkpoint Tax Cuts and Jobs Act Toolkit offering accounting firms resources to help them …
IRS updates pre-TCJA guidance on vehicle and unreimbursed employee expenses
In a Notice and accompanying news release, IRS has provided updated information to taxpayers and employers about changes from the …
Thomson Reuters Report Addresses Effects of Tax Cuts and Jobs Act on Public Company Disclosures
Thomson Reuters has released a Checkpoint special report to help public companies gain an understanding of the impact of the Tax …
Thomson Reuters Content Offers Guidance on New Transition Tax
Thomson Reuters Checkpoint Catalyst has released a comprehensive analysis of the one-time U.S. transition tax on undistributed and non-previously taxed …
Fact Sheet highlights new rules & limits for depreciation and expensing under TCJA
IRS has issued a fact sheet that highlights some of the new rules and limitations for depreciation and expensing under …
IRS issues 2018 depreciation dollar limits for passenger autos
IRS has released the Code Sec. 280F depreciation limits for business passenger automobiles placed in service by the taxpayer in 2018, taking …
IRS updates Q&As on return filing and tax payment for Sec. 965 transition tax
IRS has updated Frequently Asked Questions (FAQs) on the transition tax imposed by Code Sec. 965, as added by the Tax …
Transitional guidance issued on the treatment of advance payments under TCJA
In a Notice, IRS has issued transitional guidance which, pending future guidance that IRS expects to issue on the treatment …