Latest Publications

Share:

IRS Issues Guidance on the Business Interest Expense Limitation

On April 2, the Treasury and the IRS issued Notice 2018-28 which provides guidance concerning the business interest expense limitation enacted as part of tax reform. The guidance includes the application of the rules to...more

Treasury and IRS to Clarify New Carried Interest Rules

On March 1, the IRS and Treasury announced their intent to issue regulations addressing the new carried interest rules enacted as part of tax reform. More specifically, they intend to clarify that the new rules apply to...more

Supreme Court to Revisit Tax Nexus Test

The U.S. Supreme Court has agreed to hear South Dakota v. Wayfair, Inc. (“Wayfair”). Its decision has the potential to change the way online retailers and other remote vendors do business by permitting states to collect sales...more

Choice of Entity: Are Partnerships Still More Tax Efficient After Tax Reform?

Prior to tax reform, tax considerations tipped the scale heavily in favor of operating a business through a partnership or other pass-through entity rather than a corporation. Now that the corporate income tax rate has been...more

House and Senate Conference Committee Agree on Tax Bill

On December 15, 2017, the House and Senate conferees released a final version of the Tax Cuts & Jobs Act. Votes for passage of the bill are intended to take place in the House on Tuesday, December 19, 2017 and in the Senate...more

House GOP Releases the Tax Cuts & Jobs Act

On November 2, 2017, the House Republicans released their long-awaited tax reform bill, the Tax Cuts & Jobs Act. If the bill becomes law, it will mark the most significant change to the Tax Code in thirty years. The bill...more

"Big Six" Release Tax Reform Framework

On September 27, 2017, the White House Administration and Republican leadership came together to release the highly-anticipated "Big Six" tax framework for tax reform. The 9-page outline provides few details and mimics...more

Worker Classification Update

On July 20, 2017, the Internal Revenue Service ("IRS") issued a reminder for small businesses on the importance of correctly classifying workers as employees or independent contractors. Employers failing to do this correctly...more

Employers Remain Liable for Employment Taxes Despite Hiring PEO

A recent ruling from the IRS should serve as a warning to employers that hire professional employer organizations ("PEO") to manage payroll: the employer may still be liable for any failures to report and pay over employment...more

Proposed Healthcare Reform May Mean Tax Changes

Taxpayers may no longer need to be concerned with the 3.8% Net Investment Income Tax, among other taxes established under the Affordable Care Act ("ACA"). On March 6, 2017, the House Ways and Means Republicans unveiled the...more

Trump Promises Tax Reform Announcement in the Next Few Weeks

President Trump recently indicated that he will announce a tax reform proposal within the next two to three weeks. The existing tax proposals from President Trump and the Congressional Republicans are predictably vague at...more

IRS Clarification Causes Many Partnerships to Change Compensation Reporting for Partners

A federal tax issue frequently arises when key employees of an operating business are given the opportunity to become equity holders. Despite the well-established rule that partners of a partnership are not permitted to be...more

12 Results
/
View per page
Page: of 1

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.