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Tax Reform

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Update: Halfway There – Tax Cuts and Jobs Act Guidance Catching Up

Planning for the 2019 tax season is in full swing now that the November 15 tax-exempt organization filing deadline has passed. In stark contrast to last

2020: Provided the World Doesn’t End, We’ll Enjoy an Increased Lifetime Gift and Estate Tax Exclusion

Whether society’s collective interpretation of the Mayan calendar proves correct and the world ends in 2020 remains unknown, for now. Despite this

TCJA – Could 2019 Taxable Income be Higher than Projected?

As we approach the end of 2019, two separate changes in reporting of gross income from providing goods and/or services could combine for an unpleasant

Advance Payments: Potential for Longer Term Deferral under Newly Issued Regulations, Repeal of Regulation §1.451-5

Back in July, the IRS formally removed regulation §1.451-5 from the Code of Federal Regulation. The regulation had permitted some companies to defer
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IRS Releases Advance Payment Proposed Regulations for Accrual Method Taxpayers, Providing One-Year Deferral

On September 5, the IRS released guidance in the form of proposed regulations (Prop. Reg. §1.451-8) that address the receipt of payments from customers

Current and Forecasted Conditions Play Havoc with Higher Ed Revenue Growth

According to the National Center for Education Statistics, the number of high school graduates in the Northeast and Midwest is projected to decrease between
As a result of the Tax Cuts and Jobs Act passed in December of 2017, the IRS recently revised Form W-4: Employee’s Withholding Allowance Certificate.

Update: Tax Change to Receiving Advance Payments

It’s doubtful that Bret Michaels was exhibiting any sort of clairvoyant talent and was actually referring to the Tax Cuts and Jobs Act of 2017 (the
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Form 990-T Fiscal Year 2017 Corporate Filers Blended Tax Rate

Just in case you hadn’t already heard enough about the 2017 Tax Cuts and Jobs Act (TCJA), here is some beneficial information for corporations calculating

Additional Opportunity Zone Regulations Issued

On April 17, the IRS finally issued additional guidance (the 4/17 proposed regulations) concerning qualified opportunity zone (QOZ) investments following
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