Tax Reform Slashes Deductions for Settlements Paid to Government Agencies for Violations and Investigations - IRS Requests Comments by May 18 - Businesses making payments to governments and governmental entities on or after...more
MOST SWEEPING TAX REFORM SINCE 1986
- Tax Cuts and Jobs Act signed December 22, 2017
- Generally effective for taxable years beginning after December 31, 2017
- Comprehensive tax reform affecting virtually all...more
The Tax Cuts and Jobs Act (“Act”) significantly changed U.S. tax federal law. Although the Act does not amend any of the provisions directly affecting the qualification or other taxation of a “regulated investment company”...more
On December 22, 2017, the president signed the Tax Cuts and Jobs Act (the “Act”). While the Act will impact many taxpayers, some of the more significant changes relate to how individuals and other non-corporate taxpayers are...more
As if it wasn’t going to be busy already, the Internal Revenue Service (“IRS”) has set Tax Day, April 15, 2016, as the due date for comments on significant new partnership audit rules. This new law, which was enacted as part...more
Senator Ron Wyden (D-OR) has been a strong advocate for comprehensive tax reform since he joined the Senate Finance Committee in 2005. During his tenure on the Committee, he has introduced a series of comprehensive tax reform...more
7/23/2014
/ 401k ,
Corporate Taxes ,
Deficit Reduction ,
Energy Tax Incentives ,
Individual Retirement Account (IRA) ,
Pass-Through Entities ,
Proposed Legislation ,
Senate Finance Committee ,
Tax Incentives ,
Tax Rates ,
Tax Reform
On January 1, 2013, the Senate and House of Representatives passed the American Taxpayer Relief Act of 2012 (“ATRA”), signed into law by President Obama on January 2. ATRA averts the “fiscal cliff” by making permanent the...more
1/9/2013
/ Alternative Minimum Tax ,
American Taxpayer Relief Act ,
Capital Gains ,
Dividends ,
Farm Bill ,
Fiscal Cliff ,
Income Taxes ,
Medicare Taxes ,
Roth Conversions ,
Sequestration ,
Tax Credits ,
Tax Rates