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Check out the latest tax alert section of our website, full of links and articles for professional and personal tax news. Read More


Client News

Watch Angélique Kidjo Delight in Her Jimmy Kimmel Live Performance
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How do I...Protect against tax-related identity theft?

The IRS expects to receive more than 150 million ... Read More


Section 199A Passthrough Guidance Expected in July, Kautter Says

The IRS expects to issue guidance on the Code Sec. 199A ... Read More


Mnuchin, Kautter Testify Before Senate Committee on Outdated IRS Technology

The IRS’s "Achilles’ heel" is using outdated software ... Read More


Regs Clarified In Response to Suit Over ACA Emergency Services Rules

The Treasury Department and the IRS, along with the Department of Labor and the ... Read More


IRS Outlines New Five-Year Strategic Plan

The IRS has issued a new five-year strategic plan to ... Read More


LB&I Rolls Out Additional Issue-Based Compliance Campaigns

The IRS Large Business and International (LB&I) Division ... Read More


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Focus Remains on Tax Reform

By: Annemarie Aguanno, CPA, Senior Audit/Tax Manager

 

Annemarie Aguanno, CPA, Senior Audit/Tax Manager Congressional lawmakers on Capitol Hill continue to focus on tax reform. Republicans and Democrats alike have been discussing the effects of tax reform, albeit reaching different conclusions.

Tax Reform Hearings The Ways and Means Committee held a hearing during the week of May 14, marking the first in a series of upcoming committee hearings on tax reform. The Ways and Means hearings are each expected to examine the effects of the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97).

Small Businesses. Ways and Means Tax Policy Subcommittee Chairman Vern Buchanan, R-Fla., has announced the ... Read More




IRS Withholding Calculator

By: Brian Whelan, CPA, Partner

 

Brian Whelan, Partner The IRS encourages everyone to use the Withholding Calculator to perform a quick "paycheck checkup." This is even more important this year because of recent changes to the tax law for 2018. The Calculator helps you identify your tax withholding to make sure you have the right amount of tax withheld from your paycheck at work. For more information please visit the IRS website using the link provided.

https://www.irs.gov/individuals/irs-withholding-calculator

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Life Insurance Transfer Transition Guidance Planned

By: Thomas Zanata, CPA

 

Thomas J. Zanata, CPA The IRS intends to provide guidance on the new information reporting obligations for certain life insurance contract transactions under Code Sec. 6050Y. The proposed regulations will provide guidance on the modifications to the transfer for valuable consideration rules for life insurance contracts under Code Sec. 101(a). In addition, the IRS has delayed the reporting requirements under Code Sec. 6050Y until the final regulations are issued.

Transfers for Value Rules For transfers after December 31, 2017, the exceptions to the transfer for value rules do not apply to the transfer of a life insurance ... Read More




    



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