New Federal Government Spending Bill Includes Significant Tax Provisions
As part of an overall $1.4 trillion spending package (two separate bills) expected to make its way through the House and Senate and then onto President
Proposed House Bill Would Eliminate State and Local Tax Deduction Cap
House Democrats have proposed a bill that would remove the $10,000 cap on state and local tax (SALT) deductions. Called the “Restoring Tax Fairness
TCJA – Could 2019 Taxable Income be Higher than Projected?
As we approach the end of 2019, two separate changes in reporting of gross income from providing goods and/or services could combine for an unpleasant
Advance Payments: Potential for Longer Term Deferral under Newly Issued Regulations, Repeal of Regulation §1.451-5
Back in July, the IRS formally removed regulation §1.451-5 from the Code of Federal Regulation. The regulation had permitted some companies to defer