Tax reform

The legislation aims to make cuts for individuals permanent, but isn’t likely to go far in the Senate.

House Ways and Means Committee chairman Kevin Brady, R-Texas, plans to introduce legislation next week to make permanent the individual and small business tax breaks from the Tax Cuts and Jobs Act.

House GOP leaders are forging ahead with a vote on a second phase of tax cuts this month, despite dissension from Republicans in high-tax states who say the measure would hurt their voters.

The move will permit a workaround for businesses to the $10,000 limit on state and local tax deductions in the Tax Cuts and Jobs Act.

The American Institute of CPAs says companies haven't received enough guidance yet on a requirement of the new tax law.

NCCPAP's Stephen Mankowski offers a tour of the top issues from the TCJA, changes to the 1040, and other major developments in tax.

GOP leaders may drop the effort for further tax legislation, fearing it could backfire by antagonizing voters in some hotly contested Congressional districts.

Tax reform, the cannabis industry and cyberthreats are just three of the dangers that are looming large in malpractice insurers’ nightmares.

Lawmakers approved the measure this spring as a way to get around limits in the new federal tax law on state and local tax deductions.

Thanks to the new TCJA, the bank's deals could become a lot more lucrative.

The Internal Revenue Service and the Treasury Department are following up on their threat to forestall attempts by states to get around the $10,000 limit in the Tax Cuts and Jobs Act on deductions of state and local taxes by setting up state-run charitable contribution funds.

The Internal Revenue Service and the Treasury Department published a notice Tuesday saying they intend to issue proposed regulations clarifying who is a qualifying relative for the new $500 credit for dependents and head of household filing status for years in which the exemption amount is zero for tax years 2018 through 2025.

Make no mistake, even without the juice the profit picture would look better than it has in years.

Preparers are offering warnings and education, but few are listening.

The Internal Revenue Service’s initial guidance on the executive compensation deduction won’t settle all of the lingering questions.

Taxpayers in New York and Connecticut still have a few potential options to avoid the hit from a new cap on state and local tax deductions, while residents of other high-tax jurisdictions may only have creative estate planning as a last resort.

The Tax Cuts and Jobs Act has had major unexpected ramifications around the world; Avalara's Richard Asquith dives into the fallout.

The IRS is blocking the charitable workarounds high-tax states like New York approved in response to the tax law’s $10,000 limit.

The Internal Revenue Service put the tri-state area on notice: The charitable workarounds New York, New Jersey and Connecticut approved following the new federal cap on deductions for state and local taxes aren’t acceptable to the federal government.

This handful of provisions from the Tax Cuts and Jobs Act are worth immediate attention.