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 …
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 …
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 …
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, …