Trillions of dollars’ worth of company earnings held offshore will soon be repatriated for U.S. taxation, under the new Section 965 transition tax contained in the Tax Cuts and Jobs…
Now Available: IRS Tools to Assess and Manage Post-Tax Reform Withholding
The IRS recently released a new Form W-4 and an updated withholding calculator for 2018 personal income tax withholding. This much-anticipated information from the IRS is the final component of…
Ask These Questions to Maximize New Pass-Through Deduction
The Tax Cuts and Jobs Act (TCJA) created a new section of the tax code, Section 199A, which allows certain business owners to avoid tax on 20 percent of their…
Act Now to Lock in Cost Segregation Benefits for 2017 Tax Year
Business owners will reap many benefits from tax reform over the coming years, thanks to rate changes and new deductions. In the short term, however, there are several tax-minimizing strategies…
What Does Tax Reform Have to Do with My Nonprofit?
Editor’s note: On January 12, 2021, the IRS released final regulations for Internal Revenue Code Sec. 4960, which provided certain nonprofit organizations with more clarity around the 21 percent excise…
