Tax news and information - Journal of Accountancy

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December 1, 2017

Long-term contracts and AMT

A sometimes overlooked adjustment may cause deficiencies and penalties.

December 1, 2017

Tax compliance after M&As

Companies can follow these steps to make sure an M&A transaction complies with all tax requirements.

December 1, 2017

Couple must repay advance premium tax credit

A state exchange’s failure to revise the couple’s health insurance advance premium subsidy was not grounds to avoid its repayment.

December 1, 2017

IRS may examine predeceased spouse’s estate return to determine allowable DSUE amount

The Sec. 6501 statute of limitation does not run where no tax is assessed, the Tax Court holds.

November 27, 2017

Social Security Administration announces small increase in 2018 wage base

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.

November 17, 2017

Senate tax reform bill contains more changes

The version of the tax reform bill passed by the Senate Finance Committee holds several more changes affecting both individuals and businesses.

November 16, 2017

House passes tax reform bill

The U.S. House of Representatives passed its tax reform bill, on a 227–205 vote.

November 15, 2017

Senate Finance Committee modifies tax reform proposal

The revised chairman’s mark of the Senate tax reform bill contains many significant changes to the proposed legislation.

November 10, 2017

House Ways and Means approves amended Tax Cuts and Jobs bill

The committee voted to send an amended version of the Tax Cuts and Jobs tax reform bill to the full House.

November 10, 2017

Tax reform: What CPAs need to know about the latest developments

Tax reform expert Tony Nitti discusses the latest developments affecting CPAs.

November 9, 2017

Senate tax reform bill differs from House version in many ways

Differences include tax rates, treatment of various deductions and a delay in the reduction of the corporate tax rate.

November 7, 2017

Foreign income provisions in the Tax Cuts and Jobs Act

The draft Tax Cuts and Jobs Act makes many important changes to the tax treatment of U.S. corporations that own foreign corporations.

November 6, 2017

House bill features many business tax changes

The House tax reform bill contains a large number of proposed changes that would affect businesses.

November 3, 2017

What the House tax bill holds for individuals

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.

November 2, 2017

Details of tax reform legislation revealed

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.

November 1, 2017