The Tax Cuts and Jobs Act (TCJA) passed in December, 2017 limited the deductibility of home mortgage interest to $750,000, down from the prior limit of $1 million. At the same time, the [...]
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This particular Form W-2 scam involves cybercriminals using various techniques to send fake emails that appear to come from an organization executive, such as the chief executive officer, to the [...]
Right as the #MeToo movement was gaining steam, Congress was in the midst of drafting a substantial change to the tax code. As Congress scrambled to find revenue raisers needed to partially [...]
One pitfall of gifting appreciated assets is the “Kiddie Tax.” The Kiddie Tax is designed to stem revenue losses from shifting investment income from a high tax rate donor to a low tax rate [...]
President Trump signed the Tax Cuts and Jobs Act of 2017 (“TCJA”) on December 22, 2017. Since most of the TCJA sunsets on December 31, 2025, the TCJA is inherently temporary. What Changed. The [...]
The Senate and House of Representatives have both passed the Tax Cuts and Jobs Act of 2017 (“TCJA”), and President Trump signed the Act on December 22, 2017. The TCJA makes numerous changes to [...]
In light of the Tax Cuts and Jobs Act currently being reconciled in the Congressional Conference Committee, consider several year-end charitable giving maneuvers to capitalize on upcoming tax law [...]
By including micro captives on the list, the Service has telegraphed that it will continue vigorously challenging micro-captive arrangements. For three consecutive years, the Service has targeted [...]
The House Ways and Means Committee has just released a proposed tax bill that is a long way from being enacted into law. Many of its features are likely to be eliminated, modified or combined [...]
On November 2, 2017, the House of Representatives introduced H.R. 1, dubbed the Tax Cuts and Jobs Act. This bill is not law and, in fact, has a long way to go before becoming law – there will be [...]
