The IRS has released the long-awaited final regulations on the Section 199A qualified business income deduction. Along with the regulations, the IRS released Notice 2019-07 that contains a proposed revenue procedure with a...more
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
The IRS and Treasury have released proposed regulations concerning the first-year bonus depreciation deduction, also known as immediate expensing. The proposed regulations reflect changes made to bonus depreciation rules by...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