Tax reform

The IRS is warning that taxpayers need to file the election by Oct. 15.

In the wake of the TCJA and other legislative uncertainty, access to reliable information is more important than ever.

The Internal Revenue Service is giving businesses a tax break they thought they had lost in the tax overhaul last year — write-offs for wining and dining clients.

The three bills have varying chances of success, and some high hurdles in the Senate.

The Internal Revenue Service released guidance Wednesday on the business expense deduction for meals and entertainment in the wake of the Tax Cuts and Jobs Act.

The legislation would make permanent the 2017 tax breaks for individuals and pass-through businesses which otherwise would expire at the end of 2025.

The Internal Revenue Service and the Treasury Department intend to issue proposed regulations providing that the market discount on a bond isn’t includible in income, according to a section of the new tax law.

Legislation relating to family savings and startup expensing passed in one chamber of Congress, but is not likely to go through in the Senate before the end of the year.

The new tax law is leading to missed deadlines and a shortened cycle for the IRS.

A Republican effort to make last year’s individual tax changes permanent is expected to be approved by the House on Friday, before the initiative likely gets shelved because the Senate won’t act on it.