The IRS and Treasury have released proposed regulations under newly-enacted Internal Revenue Code Section 199A, which creates a deduction for qualified business income that non-corporate taxpayers receive from passthrough...more
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
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
12/20/2017
/ Alternative Minimum Tax ,
Business Taxes ,
Child Tax Credit ,
Corporate Taxes ,
Estate Tax ,
Income Taxes ,
LIHTC ,
Pass-Through Entities ,
Tax Deductions ,
Tax Exempt Entities ,
Tax Rates ,
Tax Reform
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
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