Tax Reform Archives

Sikich Series on Tax Reform: Another Round of Tax Legislation in 2018? Keep an Eye Out for Tax Reform 2.0

Last fall, Congress and the Administration enacted significant tax reform – the Tax Cuts and Jobs Act (“TCJA”). This was the first comprehensive tax…

Sikich Series on Tax Reform: Section 965 Penalty and Filing Relief

On June 4, 2018, the IRS announced a penalty and filing relief (IR-2018-131) for taxpayers who may be subject to the new transition tax…

Sikich Series on Tax Reform: New IRS Accounting Method Guidance May Impact Construction and Real Estate Businesses

New IRS Guidance Allows Some Construction and Real Estate Businesses to Change Tax Accounting Method to Conform with New Financial Statement Revenue Recognition Rules…

Sikich Series on Tax Reform: Tax Planning Strategies for Charities & Donors

The historic tax reform act signed by President Trump on December 22, 2017 impacts charities and their donors alike. These new rules will require…

Sikich Series on Tax Reform: A Company’s Response to Tax Reform Legislation

On December 22, 2017, the “Tax Cuts and Jobs Act” (“TCJA”) was signed into law. This was comprehensive tax legislation—the first in over 30…

Sikich Series on Tax Reform: “Grain Glitch” Gone – Congress Fixes Special Deduction with Cooperatives Impacting Farmers

The Consolidated Appropriations Act of 2018 (“CAA”) passed Congress and was signed into law by President Trump on March 23, 2018. The $1.3 trillion…

Sikich Series on Tax Reform: Tax Reform Impact for Manufacturers and Distributors

Executive Summary The recently enacted “Tax Cuts and Jobs Act” will impact businesses of all sizes, in virtually all industries. There are a number…

Sikich Series on Tax Reform: How the New Tax Law Will Affect Charitable Giving for Colleges and Universities

Under the Tax Cuts and Jobs Act (the “Tax Act”), the new law preserves the deductibility of charitable contributions, restructures other itemized deductions, and…

Sikich Series on Tax Reform: Leveling the Playing Field for Pass-Through Entities: Overview of the New 20% Deduction for QBI

Executive Summary The recently enacted Tax Reform legislation provides tax relief for small business owners that operate their business as a pass-through entity in…

Do I Convert Back to C Corporation, S Corporation or Not Convert At All?

We consistently get the question from clients and contacts about how the new tax law impacts them. For example, business owners want to know…

Congress Passes Budget Agreement

What You Need to Know About Several Retroactive Tax Provisions Congress reached an agreement on a two-year budget in early February. The Bipartisan Budget…

Sikich Series on Tax Reform – Meal and Entertainment Deductions

Congress Puts Businesses on a Diet The recently adopted “Tax Cuts and Jobs Act” is a comprehensive and complex piece of tax legislation. It…

Employee Benefit Provisions Impacted in the Tax Cut and Jobs Act (TCJA)

The recently enacted tax law included a variety of employee benefits. Below are some highlights to be aware of in the coming years: Individual…

Sikich Series on Tax Reform – Estate Planning After Tax Reform: Does This Mean I Don’t Need to Do Anything Unless I’m Rich?

On December 22, 2017, Congress and the White House signed Tax reform into law marking the most sweeping overhaul of the tax code in…

Tax Reform

Sikich Series on Tax Reform: Another Round of Tax Legislation in 2018? Keep an Eye Out for Tax Reform 2.0

Sikich Series on Tax Reform: Section 965 Penalty and Filing Relief

Sikich Series on Tax Reform: New IRS Accounting Method Guidance May Impact Construction and Real Estate Businesses

Sikich Series on Tax Reform: Tax Planning Strategies for Charities & Donors

Sikich Series on Tax Reform: A Company’s Response to Tax Reform Legislation

Sikich Series on Tax Reform: “Grain Glitch” Gone – Congress Fixes Special Deduction with Cooperatives Impacting Farmers

Sikich Series on Tax Reform: Tax Reform Impact for Manufacturers and Distributors

Sikich Series on Tax Reform: How the New Tax Law Will Affect Charitable Giving for Colleges and Universities

Sikich Series on Tax Reform: Leveling the Playing Field for Pass-Through Entities: Overview of the New 20% Deduction for QBI

Do I Convert Back to C Corporation, S Corporation or Not Convert At All?

Congress Passes Budget Agreement

Sikich Series on Tax Reform – Meal and Entertainment Deductions

Employee Benefit Provisions Impacted in the Tax Cut and Jobs Act (TCJA)

Sikich Series on Tax Reform – Estate Planning After Tax Reform: Does This Mean I Don’t Need to Do Anything Unless I’m Rich?

Sikich Series on Tax Reform – The New Landscape of U.S. International Tax under Tax Cuts and Jobs Act of 2017

Sikich Series on Tax Reform – Tax Cuts and Jobs Act Includes Significant Changes for Tax-Exempt Organizations

Sikich Series on Tax Reform – 8 Before ’18

Sikich Series on Tax Reform – Congress Passes Historic Tax Reform Package

Sikich Series on Tax Reform – House-Senate Conference Adopts Compromise Tax Reform Bill

Sikich Series on Tax Reform – Tax Reform Moves to House-Senate Conference