May 29, 2018 | Tax News, Uncategorized
On May 25, The Internal Revenue Service announced information about changes from the Tax Cuts and Jobs Act affecting: • Moving expenses • Vehicle expenses and unreimbursed employee expenses • Higher depreciation limits for some vehicles Moving Related Expenses The...
Apr 25, 2018 | Featured News and Events, Tax News
The IRS announced that the Offshore Voluntary Disclosure Program (OVDP) will close on September 28, 2018. U.S. taxpayers with undisclosed foreign financial assets have a limited amount of time to use the OVDP before the program ends. Background More than 56,000...
Apr 19, 2018 | Tax News, Uncategorized
In response to President Trump’s Executive Order 13813, the Departments Health and Human Services, Labor and the Treasury (the Departments) are proposing regulations to expand the availability of short-term, limited-duration insurance by amending the definition of...
Apr 17, 2018 | Tax News, Uncategorized
The IRS plans to issue regulations clarifying the new three-year holding period for certain carried interests. The new regulations will provide that partnership interests held by S corporations are subject to the extended three-year holding period for applicable...
Apr 11, 2018 | Tax News, Uncategorized
The IRS has modified certain previously released inflation-adjusted amounts. Generally, these new inflation-adjusted figures apply to tax years beginning in 2018, or transactions or events occurring in calendar year 2018. The modified items include the tax rate...
