Stakeholders Weigh in on Proposed Passthrough Deduction Rules
Stakeholders are urging the IRS to clarify its guidance on tax
reform’s new passthrough deduction. The IRS held an October 16
public hearing on proposed rules for the new Code Sec.
199Apass...
Senate Tax Writers Introduce Bipartisan Digital Goods Bill
Top Senate tax writers have introduced a bipartisan bill to prevent
duplicative taxation on digital goods and services. The bill aims
to establish a framework across multiple jurisdictions for
taxatio...
IRS Releases Draft Instructions for 2018 Form 1040
The IRS has released Draft Instructions for the 2018 Form 1040.
Additionally, the IRS has cautioned taxpayers that the draft
instructions are subject to change. The IRS released a draft of the
2018 Fo...
New IRS Commissioner: Rettig Takes the Reins
The IRS’s new Commissioner was officially sworn in on October 1 by
Treasury Secretary Steven Mnuchin. IRS Commissioner
Charles "Chuck" P. Rettig will lead the implementation of
tax ref...
Senate Lawmakers Examine Tax Reform’s Effect on Small Businesses
The Senate Small Business Committee held an October 3 hearing on
expanding opportunities for small businesses through the tax code.
Senate lawmakers examined tax reform’s effect on small busines...
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