Tax reform

The recently issued notice on a provision of the Tax Cuts and Jobs Act will have some organizations wondering what to do.

There’s no lack of optimism among officials who hope to jump-start local economies, thanks to a provision in the Tax Cuts and Jobs Act.

The longest government shutdown in U.S. history could cause tens of thousands of businesses to make a tough choice.

The Institute wants modifications pertaining to net tested losses, anti-abuse provisions and interaction with the section 245A dividends received deduction.

The organizations are worried about underpayment and underwithholding penalties stemming from the Tax Cuts and Jobs Act.

When the Tax Cuts and Jobs Act was passed in a whirlwind vote at the end of 2017, significant questions arose about implementation of the new law.

House Ways and Means Committee Chairman Richard Neal, D-Mass., is asking the Internal Revenue Service and the Treasury Department to explain what impact the partial government shutdown will have on the upcoming tax season.

The top Democrat on the Senate Finance Committee wants the service to waive the penalties that he expects to hit millions of workers and families.

A provision of the Tax Cuts and Jobs Act imposes a tax on excess payments and remuneration of top officials at tax-exempt organizations.

The Internal Revenue Service is offering business taxpayers some breaks related to the state and local tax deduction that was limited under the Tax Cuts and Jobs Act, but only when they make charitable contributions.