Our Thoughts On

Sort by

Categories
Authors

Kirk Mitchell

Articles 11 - 20 of 36
Tax
Kirk Mitchell | 3.18.2020

Federal Individual Tax Return and Payment Deadlines

Current as of 3/18/2020 8:00 AM On Tuesday, Department of Treasury Secretary Steven Mnuchin announced that the Treasury Department and the IRS would be

City of Pittsburgh – Paid Sick Days Act

The City of Pittsburgh recently announced that an ordinance initially authorized in 2015 will take effect on March 15. The Paid Sick Days Act, codified

American as Baseball Games and Apple Pie – the Business Meal Deduction

If there is one negative aspect of the 2017 Tax Cuts and Jobs Act (TCJA) that taxpayers have had trouble stomaching more than the reduction in the state

2020 Congressional Research Service Report on TCJA Impact on Families

The Congressional Research Service (CRS), which serves as a nonpartisan shared staff to members of Congress and congressional committees, and operates

Register to receive our weekly newsletter with our most recent columns and insights.

Tax, TCJA
Kirk Mitchell | 12.19.2019

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

Register to receive our weekly newsletter with our most recent columns and insights.

IRS Releases Advance Payment Proposed Regulations for Accrual Method Taxpayers, Providing One-Year Deferral

On September 5, the IRS released guidance in the form of proposed regulations (Prop. Reg. §1.451-8) that address the receipt of payments from customers

Additional Opportunity Zone Regulations Issued

On April 17, the IRS finally issued additional guidance (the 4/17 proposed regulations) concerning qualified opportunity zone (QOZ) investments following

Register to receive our weekly newsletter with our most recent columns and insights.