Tax Reform Insights
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- December 11, 2018
- Audit and Tax | Tax
On November 20, 2018, the IRS issued proposed regulations which further clarified the taxation of past and future gifts under the new tax law. It provides guidance on how gifts will be…
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- December 6, 2018
The question of entity choice is again top of mind for many business owners, given the many changes that became effective January 1, 2018….
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- November 27, 2018
- Tax
Among the stated principles in last year’s tax reform legislation, the “Tax Cuts and Jobs Act” (TCJA) was to promote economic growth, create new…
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- November 27, 2018
- Tax
Opportunity Knocks One of the lesser known provisions in last year’s Tax Cuts and Jobs Act (TCJA) may soon be a popular topic, as…
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- November 21, 2018
- Manufacturing | Tax
An “Interest-Free Loan” from the Government – Compliments of LIFO Are you a manufacturer or distributor interested in an interest-free loan from the government? If so, then…
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- November 9, 2018
- Tax
The much anticipated 2018 mid-term elections are over. While there are still several unresolved races, there has been a change in Congress. As was…
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- November 9, 2018
- Tax
Don’t “Leave” Money on the Table by Missing out on this New Tax Incentive The IRS issued guidance on September 24, 2018 related to…
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- October 26, 2018
- Audit and Tax
Have you heard talk at the coffee shop or grain elevator that the new tax law will prevent you from a tax-free exchange of…
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- October 3, 2018
- Tax
Tax Reform 2.0 Follow-up Earlier last month, the House Ways and Means Committee introduced and passed three separate tax bills referred to as “Tax Reform 2.0.” (Please click here for…
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- October 3, 2018
- Tax
Delicious Deductions – IRS Provides Guidance on Tax Treatment of Meals and Entertainment You may recall that the “Tax Cuts and Jobs Act” (TCJA) last year eliminated the deduction for entertainment…
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- September 28, 2018
- Audit and Tax | Not-for-Profit | Tax
The Internal Revenue Service (IRS) recently released Notice 2018-67 (Notice) providing guidance for tax-exempt organizations on the treatment of Unrelated Business Income Tax (UBIT)….
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- September 28, 2018
- Audit and Tax | Tax
Twenty for 20 (20-4-20) On August 8, 2018 the IRS released its much anticipated proposed regulations under new Section 199A (the new 20% deduction for pass-through entities and sole proprietors)….
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- September 13, 2018
- Tax
Many business owners are considering the impact of tax reform on their organizations. Deciding what changes to make—if any—can present challenges. Common questions revolve around choice of business entity…
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- September 11, 2018
- Audit and Tax | Tax
Many taxpayers and tax advisors are still digesting last year’s comprehensive tax reform bill, but Congress is set to begin its next round of tax legislation. Dubbed “Tax…
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- August 22, 2018
- Audit and Tax | Not-for-Profit | Tax
The focus on last year’s “Tax Cut and Jobs Act” (“TCJA”) was on business tax matters. There were, however, also several significant changes impacting…
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- August 15, 2018
- Audit and Tax | Infographic | Tax
The recently enacted “Tax Cuts and Jobs Act” (The Act) features numerous tax provisions impacting businesses in all industries. The following is a brief…
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- August 15, 2018
- Tax
The Tax Cuts and Jobs Act (the Act) was signed into law by the President on December 22, 2017. The comprehensive reforms contained in…
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- August 13, 2018
- Tax
You may recall that the “Tax Cuts and Jobs Act” enacted last year was a comprehensive tax bill impacting businesses of all sizes in…
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- August 8, 2018
- Tax
One of the pillars of last year’s “Tax Cut and Jobs Act” (“TCJA”) was to make the tax code more competitive with the rest…
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- July 30, 2018
- Audit and Tax | Not-for-Profit | Tax
Download our guide on what donors and charities need to know about the 2017 Tax Reform Act and the tips they need to navigate…
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.