January 17, 2019
Donald Sager
Blog Posts
0 CommentsProposed Regs Address Foreign Tax Credit Changes Highly anticipated foreign tax credit regulations have been issued that provide guidance on the significant changes made to the foreign tax credit rules by the Tax Cuts and Jobs Act ( P.L. 115-97). The proposed regulations address: allocation and apportionment of the deductions under Code Secs. 861 through […]
Read moreJuly 13, 2018Donald SagerBlog Posts0 CommentsBrady Expects “Phase Two” Tax Reform Outline by August A “phase two” tax reform outline could be unveiled by House GOP tax writers by August. Republicans have started to increase their tax meetings related to the effort, House Ways and Means Committee Chairman Kevin Brady, R-Tex., told reporters on June 13. Tax Reform “2.0” Timeline The precise timing of […]
Read moreMay 04, 2018Donald SagerBlog Posts0 CommentsWhite House Remains Focused on Tax Reform – Phase Two The White House and Republican lawmakers are continuing discussions focused on a second round of tax reform, according to President Trump’s top economic advisor. National Economic Council Director Lawrence Kudlow said in an April 5 interview that Trump and House Ways and Means Committee Chairman […]
Read moreFebruary 28, 2018Donald SagerBlog Posts0 CommentsHow do I? Calculate bonus depreciation under the new tax law? The Tax Cuts and Jobs Act increases bonus depreciation rate to 100 percent for property acquired and placed in service after September 27, 2017, and before January 1, 2023. The rate phases down thereafter. Used property, films, television shows, and theatrical productions are eligible […]
Read moreNovember 09, 2017Donald SagerBlog Posts0 CommentsIRS reminds taxpayers of ACA requirements; White House seeks administrative As the 2018 filing season nears, the IRS is reminding taxpayers that the Affordable Care Act (ACA) remains on the books. The ACA’s reporting requirements for individuals have not been changed by Congress. At the same time, the Trump Administration has proposed administrative changes to […]
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