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Internal Revenue Service, Tax, Tax Reform
| 3.15.2018

IRS Reacts To Perceived Loopholes Under The Tax Cuts and Jobs Act

Taxpayers attempting to take advantage of perceived loopholes in the Tax Cuts and Jobs Act ("TCJA"),beware: the IRS has been quick to respond

Internal Revenue Service, Tax
Schneider Downs Professional | 3.1.2018

Internal Revenue Service Seeking Comments on Proposed Changes to Donor Advised Funds

On December 4, 2017, the Internal Revenue Service (IRS) issued Notice 2017-73, wherein the agency describes the approaches it’s considering in addressing

Internal Revenue Service, Tax, Tax Reform
Schneider Downs Professional | 2.12.2018

AICPA Requests Guidance on TCJA

On January 29, 2018, the American Institute of Certified Public Accountants (AICPA) sent a letter to the Internal Revenue Service (IRS) requesting clarification

Internal Revenue Service, Not-for-Profit, Tax
Schneider Downs Professional | 2.12.2018

Easing the Burden on Exempt Organizations' Application for Exemption

The Internal Revenue Service (“IRS”) recently issued Revenue Procedure 2018-15, stating that it will no longer require a new exemption application

Internal Revenue Service, Tax
Susan Paulauskas | 2.7.2018

Hardship Availability Due to Modification of Deduction for Personal Casualty Losses Under the Tax Cuts and Jobs Act

In general, the Internal Revenue Service’s hardship distribution regulations provide that a hardship distribution may only be made on account of

Internal Revenue Service, Tax, Tax Reform
Schneider Downs Professional | 1.26.2018

State and Local Property Tax Deduction Update

New bipartisan legislation introduced in the House, titled “The Cutting Local Taxes by Reinstating SALT Bill (HR 4789)” (the “Bill”)

Benefits, Internal Revenue Service, Tax Reform
Schneider Downs Professional | 1.23.2018

2017 TAX CUTS AND JOBS ACT: EFFECT OF TRANSPORTATION FRINGE BENEFITS ON UNRELATED BUSINESS TAXABLE INCOME (UBTI)

Under the 2017 Tax Cuts and Jobs Act, Section 274(a) of the Internal Revenue Code includes a new provision that expressly disallows deductions for “the

Internal Revenue Service, Tax, Tax Reform
Nneoma Njubigbo | 1.23.2018

Employers Take Note: IRS Issues 2018 Income Tax Withholding Tables

With passage of the Tax Cuts and Jobs Act, the IRS has now assumed the important task of implementing tax reform. On January 11, the agency began this

Internal Revenue Service
Schneider Downs Professional | 1.22.2018

What the Government Shutdown Means for the IRS

The Internal Revenue Service ("IRS") has updated their Fiscal Year 2018 Lapsed Appropriations Contingency Plan ("the plan") which outlines

Cybersecurity, Internal Revenue Service, Tax
| 1.19.2018

Payroll Personnel, Beware of W-2 Scam

The IRS has urged employers to notify their payroll department of a W-2 phishing scam that affected hundreds of organizations—and hundreds of thousands

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