Tax reform

The Internal Revenue Service’s six additional schedules hardly seem to fit onto a postcard.

Tax pros discuss the issues they're finding as the consequences of tax reform become clearer.

The Large Business and International Division is targeting virtual currency, S corporation distributions and more for extra scrutiny.

This emerging taxpayer community will need special guidance on the new rules.

The draft version of the streamlined form tries to deliver on one of the promises of the tax simplification effort, but adds more schedules.

Bonus depreciation has changed tremendously over the past few years as companies use it to focus on revitalizing and rehabbing their companies and properties.

Thomson Reuters Checkpoint Catalyst has published an analysis of the new Section 199A qualified business income deduction for pass-through entities ushered in by the Tax Cuts and Jobs Act.

The House Ways and Means chairman hopes to begin circulating draft legislation this summer, but only among his Republican colleagues. He envisions tax reform 2.0 as a package of three or four bills, instead of a single piece of legislation like the Tax Cuts and Jobs Act that Congress passed last December.

The IRS’s new 1040 tax form doesn’t exactly fit on a standard postcard as Republicans promised, but it’s smaller and simpler than before — and it may push more filers to use software rather than in-person tax preparers.

National Taxpayer Advocate Nina Olson released her mid-year report to Congress Wednesday, spotlighting her top areas of concern, particularly how the new tax overhaul will be implemented.