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U.S. Treasury Department rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent tax deduction are likely to be delayed until the end of July, according to a senior administration official.
July 12 -
The National Association of Enrolled Agents has written a letter to the Internal Revenue Service strongly criticizing the draft version of the new Form W-4, the Employee’s Withholding Allowance Certificate, saying it raises privacy concerns and creates a “substantial risk of underwithholding.”
July 11 -
It was supposed to be the best of times for the biggest U.S. banks: Rising interest rates and corporate tax cuts would boost profitability and spur lending, while deregulation lowered costs.
July 11 -
An obscure tax provision from the 1960s that was left untouched by President Donald Trump’s overhaul could let wealthy individual investors seize for themselves the largest corporate tax cut in U.S. history.
July 11 -
The new tax law allows for full and immediate write-offs through 2022.
July 10 -
New, more complicated marital situations call for careful tax planning.
July 10 -
U.S. growth expectations may be too rosy as analysts overestimate how much tax cuts will boost the economy, according to an economic letter from the Federal Reserve Bank of San Francisco.
July 10 -
The Internal Revenue Service’s six additional schedules hardly seem to fit onto a postcard.
July 6 -
Tax pros discuss the issues they're finding as the consequences of tax reform become clearer.
July 3 -
This emerging taxpayer community will need special guidance on the new rules.
July 2Expat Tax Professionals