Tax

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.

Just enough false income; fraud from inside a sex-offender program; payroll perp; and other highlights of recent tax cases.

The IRS estimates alternative minimum tax filings will decrease to 1 million from 10 million as a result of the law.

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

House Ways and Means Committee Chairman Kevin Brady, R-Texas, and other Republicans on his committee have sent a letter to the Internal Revenue Service asking for more detailed guidance for taxpayers about virtual currencies such as Bitcoin and Ethereum.

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

Bringing money back may be harder than the drafters of the TCJA expected.