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...
Apr 10, 2018 | Tax News, Uncategorized
The IRS reminds taxpayers that income from virtual currency transactions is reportable on their income tax returns and these transactions are taxable just like those involving property. Virtual currency is a digital representation of value that functions in the same...
Apr 10, 2018 | Tax News, Uncategorized
Discussions continue between The White House and Republican lawmakers focused on a second round of tax reform, according to President Trump’s top economic advisor. National Economic Council Director Lawrence Kudlow said in an April 5 interview that Trump and House...
Apr 5, 2018 | Tax News, Uncategorized
The Tax Cuts and Jobs Act modifies Section 529 qualified tuition plans to allow the plans to distribute up to $10,000 in tuition expenses incurred during the tax year for designated beneficiaries enrolled at a public, private, or religious elementary or secondary...
