Tax reform

Corporate America isn’t using the Trump tax cuts to gorge shareholders with stock buybacks and dividends — despite the prevailing narrative.

The IRS has already said that it wants to shut down this kind of end run.

The attempt to build on the TCJA may bog down in the Senate.

The IRS issues guidance for calculating and claiming the credits.

The pass-through deduction should be eliminated, says Karl Smith.

Taxpayers can use the deduction up until the Tax Cuts and Jobs Act says they can't.

A survey commissioned by the Republican National Committee has led the party to a glum conclusion regarding President Donald Trump’s signature legislative achievement: Voters overwhelmingly believe his tax overhaul helps the wealthy instead of average Americans.

Hedge fund and private equity managers in Connecticut may have more to like about the state’s novel workaround for a new cap on state and local tax deductions.

For 2019, the service will just update the 2018 version of the form.

The institute made a number of proposals for guidance around transition tax reporting.