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One of the most anticipated tax extenders was a delay in the Section 174 amortization requirement. With the extenders not passing, many taxpayers are asking, "What now"?
January 25McGuire Sponsel -
States are trying to make a path toward that revenue stream, but a tax solely on digital advertising was not the way to do it.
January 19Vertex -
The Internal Revenue Service is in the process of revising dozens of tax forms and developing tax regulations to implement the Inflation Reduction Act, according to a new report.
January 17 -
The average effective tax rate of profitable large corporations fell from 16% in 2014 to 9% in 2018 after passage of the Tax Cuts and Jobs Act of 2017.
January 13 -
The House voted to repeal billions of dollars of Internal Revenue Service funding that Democrats approved last year, an issue that is likely to crop up repeatedly this year.
January 10 -
Rep. Jason Smith will lead the powerful House Ways and Means Committee.
January 9 -
Republicans plan to vote as soon as Monday on one of their priorities after picking a new leader of the Ways and Means Committee.
January 9 -
The revenue-raising provision of the Tax Cuts and Jobs Act took effect despite efforts to extend the tax break.
January 3 -
What did and didn't make it into the bill; Shopify and sales tax; why the IRS dawdled; and other highlights from our favorite tax bloggers.
December 27 -
The $1.7 trillion bill contains Secure 2.0, and changes in the Holding Foreign Companies Accountable Act and conservation easement rules, but it's missing some much desired tax breaks.
December 23