The Social Security Administration said that the maximum amount of wages subject to the 6.2% Social Security tax in 2018 will rise a little more than 1%, after a much larger increase last year.
The version of the tax reform bill passed by the Senate Finance Committee holds several more changes affecting both individuals and businesses.
The U.S. House of Representatives passed its tax reform bill, on a 227–205 vote.
The revised chairman’s mark of the Senate tax reform bill contains many significant changes to the proposed legislation.
The committee voted to send an amended version of the Tax Cuts and Jobs tax reform bill to the full House.
Tax reform expert Tony Nitti discusses the latest developments affecting CPAs.
Differences include tax rates, treatment of various deductions and a delay in the reduction of the corporate tax rate.
The draft Tax Cuts and Jobs Act makes many important changes to the tax treatment of U.S. corporations that own foreign corporations.
The House tax reform bill contains a large number of proposed changes that would affect businesses.
From new tax rates to fewer deductions, credits, and exclusions, the tax reform bill released by the House would have wide-ranging effects on the taxation of individuals.
The Tax Cuts and Jobs Act released by the House Ways and Means Committee incorporates many of the provisions listed in the Republicans’ September tax reform framework while providing new details.
The news especially affects taxpayers in recent disaster areas who have received extensions until Jan. 31, 2018, to file their 2016 returns.
Tax preparers must reckon with not only transfers for property but also for other virtual currencies.
The Tax Court rejects the taxpayer's argued profit motive and disallows losses related to nonmember services.
This second part of a two-part article on everything practitioners should know about the estate tax covers estate tax planning techniques, including the marital deduction and the use of various types of trusts.
A taxpayer establishes he was in the trade or business of making personal loans.
Beat the clock so clients don’t forfeit refunds or credits due from the IRS.
The Tax Court finds that the arrangement did not sufficiently distribute risk but simply resulted in a circular flow of funds between related entities.
IRS will not acquiesce to reverse like-kind exchange holding ... Hurricane victims get extension, other tax relief ... Bronze coverage level set
The IRS had planned to launch by the end of the month its updated Secure Access site, which will require using a two-factor authentication process.