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House Ways and Means Committee Approves Tax Reform 2.0 Package
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Charles Rettig Confirmed as New IRS Commissioner
Charles P. "Chuck" Rettig was confirmed as the new IRS Commissioner on September 12. The Senate confirmed the nomination by a 64-to-33 vote. Rettig received both Democratic and Republican su...

Reaction: Proposed IRS Regs Would Curb SALT Cap Workarounds
New IRS guidance aiming to curb certain state and local tax (SALT) deduction cap "workarounds" is the latest "hot topic" tax debate on Capitol Hill. The IRS released proposed amend...

IRS Proposes to Remove Section 385 Documentation Regulations
The IRS has proposed to remove the Code Sec. 385 documentation regulations provided in Reg. §1.385-2. Although the proposed removal of the documentation rules will apply as of the ...

Wolters Kluwer Interview: The New Code Sec. 199A Passthrough Deduction and Proposed Regulations (Part 1)
Last year’s Tax Reform created a new 20-percent deduction of qualified business income for passthrough entities, subject to certain limitations. The Tax Cuts and Jobs Act (TCJA) ( P.L. 115-...

Wolters Kluwer Interview: The New Code Sec. 199A Passthrough Deduction and Proposed Regulations (Part 2)
Wolters Kluwer recently spoke with Joshua Wu, member, Clark Hill PLC, about the tax implications of the new Code Sec. 199A passthrough deduction and its recently-released proposed regulations, REG-107...

Wolters Kluwer Projects 2019 Inflation Amounts
Wolters Kluwer has projected annual inflation-adjusted amounts for tax year 2019. The projected amounts include 2019 tax brackets, the standard deduction, and alternative minimum tax amounts, among ot...

How Do I? Get back start-up expenses in starting a business as quickly as possible
The American Jobs Creation Act of 2004 (2004 Jobs Act) changed the rules for start-up expenses in both favorable and unfavorable ways. Start-up expenditures are amounts that would have been deductible...

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