Tax reform

Major changes in last year’s tax overhaul include the so-called GILTI provisions, and the IRS has issued proposed regulations for them.

The Tax Cuts and Jobs Act that Congress passed last December produced some winners and some losers among different categories of taxpayers.

House Ways and Means Committee Chairman Kevin Brady has given up on an additional round of tax cuts. Now, the only tax item he might be able to get passed this year is something he hates: the annual renewal of prized industry tax breaks.

In today’s age of lost tax deductions many accountants are looking for new tax deductions they can offer their clients.

Highly-leveraged companies can start calculating just how much the Republican tax law limits their interest deductions for debt, thanks to 439 pages of regulations released by the Internal Revenue Service on Monday.

House Ways and Means Committee chairman Kevin Brady, R-Texas, released a far-reaching tax and oversight package containing tax extenders, technical corrections to the Tax Cuts and Jobs Act, retirement and other savings enhancements and changes in the way the IRS operates.

The Internal Revenue Service is providing some advice on what to do after deciding to postpone changes to the Form W-4 until 2020.

A provision of the Tax Cuts and Jobs Act limits the tax break for some taxpayers.

Wealthy taxpayers taking advantage of the increased limits won’t have to worry about them expiring so soon.

For some hedge fund investors, President Donald Trump’s tax overhaul adds insult to the injury from poor investment performance.

The Internal Revenue Service is reminding taxpayers about a change under the new tax law that limits exchanges of property.

A wide-ranging survey on economic issues by EY found that millennials see the current U.S. tax system favoring high-income individuals and companies.

The adjustments in Rev. Proc. 2018-57 are for 2019, for returns to be filed in 2020.

The Tax Cuts and Jobs Act that Congress passed last December is likely to produce some winners and losers when taxpayers file their returns next tax season.

Charles Rettig assures AICPA members that, as a tax practitioner himself, he understands their views

The long-shot change, if enacted, could cause the Republican-championed tax cut to unravel.

Democrats may control the House Ways and Means Committee, but neither party is likely to get their way on tax policy.

President Donald Trump said he’s open to raising some tax rates to help pay for a bigger tax break for middle-class Americans.

The guide provides advice to taxpayers and tax professionals about how to handle the Tax Cuts and Jobs Act next tax season.

At least six House Republicans in high-tax states lost their seats Tuesday, defeated in part by voter frustration over the GOP tax law’s new cap on state and local tax deductions.