The Tax Cuts & Jobs Act (TCJA), has both good and bad news for taxpayers. Here are highlights of some of the most significant changes affecting individual and business taxpayers. Except where noted, these changes are effective for tax years … Continue reading
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will … Continue reading
As the end of 2017 approaches, the prospect of dramatic tax reform makes year-end tax planning especially challenging for businesses. In late September, the Trump administration and Republican congressional leaders unveiled their Unified Framework for Fixing Our Broken Tax Code. … Continue reading
Today the Trump Administration, the House Committee on Ways and Means, and the Senate Committee on Finance together released the Unified Framework For Fixing Our Broken Tax Code, intended to serve as a template for the tax-writing committees that will … Continue reading
A recent Tax Court decision and pending tax reform proposals have intersected in highlighting how stock sales can be timed for maximum tax advantage. The taxpayer in the recent case (Turan, TC Memo. 2017-141) failed to convince the Tax Court … Continue reading
Election outcome likely to result in major tax law changes The unexpected election of Donald Trump as President, along with Republicans retaining control of both chambers of Congress, will likely result in an overhaul of the U.S. tax code. Based … Continue reading
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