Tax regulations

The IRS aims to clarify and explain some changes from the Tax Cuts and Jobs Act.

The rules for employer-provided parking are particularly complex.

The service released the final regulations and other guidance on the deduction, which was amended by the CARES Act.

Here are some lessons learned from the 2018 tax year compliance season.

If you have clients who own more than one business, how they structure those companies can affect them from the legal and tax perspectives.

The Tax Cuts and Jobs Act created opportunity zones as an economic development tool to stimulate investments in distressed communities.

As far as the taxman is concerned, home is where the heart is.

The final IRS and Treasury rules let taxpayers exclude certain income from their GILTI computation.

The Internal Revenue Service has released final regulations on deductions for two of the international tax regimes introduced under the Tax Cuts and Jobs Act of 2017: foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) for U.S.-based multinational corporations.

The Internal Revenue Service and the Treasury Department provided guidance to employers requiring them to report the amount of qualified sick and family leave wages they have paid to their employees under the Families First Coronavirus Response Act on Form W-2.