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 …
Publication explains how to calculate (deemed repatriation) transition tax
IRS has released Publication 5292 (How to Calculate Section 965 Amounts and Elections Available to Taxpayers).Code Sec. 965, which was amended by …
Treasury & IRS announce designated TCJA “Opportunity Zones”
In a press release, the Treasury Department and IRS have announced the designation of “Opportunity Zones” in 18 states. Opportunity …
2017 Tax Reform: Guidance on return filing and tax payment for transition tax (deemed repatriation)
With the March 15 and April 17 deadlines approaching for various filers, IRS has released guidance in a Frequently Asked …
IRS sets out Form W-4 rules that reflect Tax Cuts and Jobs Act
In a Notice, in light of changes made by the recently enacted Tax Cuts and Jobs Act (TCJA; P.L. 115-97, …
Thomson Reuters Releases Comprehensive Tax Reform Resources for Tax and Accounting Professionals
NEW YORK – Responding quickly and comprehensively, Thomson Reuters has released a number of strategic resources to provide tax and accounting professionals with …
IRS guidance on Tax Act’s deemed repatriation rules and constructive ownership changes
IRS has issued a Notice and accompanying News Release that provide guidance regarding: a) Code Sec. 965, which was enacted …
2017 Tax Reform: Game-changing tax overhaul in effect for businesses in 2018
The new tax year is a true game-changer for taxpayers and their advisers, as many fundamental, decades-old tax rules have …
IRS issues 2018 withholding tables that reflect Tax Cuts and Jobs Act
IRS has issued new income tax withholding tables for 2018 that reflect changes made by the Tax Cuts and Jobs …
Tax Law May Lead to Changes in U.S. GAAP
The FASB plans to discuss at its upcoming meeting whether it needs to make a change to its accounting standard …