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CCH Federal Tax Weekly - Current,23,Federal Tax Weekly,(Jun. 20, 2019) Printable Version of this Issue A printable/downloadable version of this newsletter is available to Internet subscribers only. Print Version of this Newsletter FEDERAL TAX WEEKLY HEA
The Senate has approved a bipartisan IRS reform bill, which now heads to President Trump’s desk. Trump is expected to sign the bill into law....

Proposed Rules Explain 199A Deduction for Cooperatives and Patrons
Taxpayers may rely on two new pieces of IRS guidance for applying the Code Sec. 199A deduction to cooperatives and their patrons:...

Final Rules Limit Charitable Contributions Made for SALT Credits
The IRS has issued final regulations that require taxpayers to reduce the amount any charitable contribution deduction by the amount of any state and local tax (SALT) credit they receive or expect to ...

Final and Proposed Regs on GILTI-Related Matters
Final regulations address the global intangible low-taxed income (GILTI) provisions of Code Sec. 951A. The final regulations retain the basic approach and structure of the proposed regulations pu...

Temporary Regulations Limit Application of Participation DRD To Prevent Tax Avoidance
Newly issued temporary regulations limit the application of the Code Sec. 245A participation dividends received deduction (the participation DRD) and the Code Sec. 954(c)(6) except...

Final Regulations Reduce Section 956 Income Inclusions by Domestic Corporations Owning CFC Stock
Final regulations reduce the Code Sec. 956 amount for certain domestic corporations that own stock in controlled foreign corporations (CFCs). The regulations are intended to ensure that&nbsp...

Employers Can Offer HRAs Integrated with Individual Coverage
Final rules allow employers to use health reimbursement arrangements (HRAs) to reimburse employees for the purchase individual insurance coverage, including coverage on an Affordable Care Act Exchange...

Final Regs Address CPEO Requirements, Responsibilities
Final regulations provide requirements that a person must satisfy to become and remain a certified professional employer organization (CPEO), as well as the CPEO’s federal employment tax liabili...

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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