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Tax Reform

Articles 121 - 130 of 161

Audit, Tax, Tax Reform
Brittany Becker | 1.15.2018

Financial Statements: Impact of Tax Reform on Deferred Taxes

The Tax Cuts and Jobs Act of 2017 (the Act) was signed into law on December 22, 2017 by President Trump. While everyone has been concerned with tax planning

Tax, Tax Reform
| 1.15.2018

Disallowance of the Entertainment Expense

The Tax Cuts and Jobs Act permanently repealed most business deductions related to entertainment, amusement, or recreation activities or a facility used

Tax, Tax Reform
| 1.15.2018

New Limitation on Business Losses of Non-Corporate Taxpayers

The Tax Cuts and Jobs Act expanded certain pass-through limitations on losses for non-corporate taxpayers. The new provisions limit the aggregate amount

Energy & Resources, Tax Reform
| 1.15.2018

Like-Kind Exchange Repealed for Equipment - Opportunity Still Exists for Mineral Rights

Effective after December 31, 2017, the Tax Cuts and Jobs Act repealed the favorable tax deferral treatment to company cars, drilling rigs, mining equipment

Energy & Resources, Tax Reform, Transportation & Logistics
| 1.15.2018

Significant Tax Savings Now Available for Purchased Equipment and Other Tangible Property

The Tax Cuts and Jobs Act provides an enormous tax benefit to taxpayers investing in capital asset additions: the Act increases the bonus depreciation

Energy & Resources, Tax Reform
Schneider Downs Professional | 1.15.2018

Marginal Well Credit Creates Major Opportunity to Reduce Taxes

The marginal well credit (MWC), generally unavailable since its enactment in the early 2000s due to price limitations, is now available for natural gas

Schneider Downs, Tax, Tax Reform
| 1.9.2018

Tax Act Rules That Will Impact 2017 Tax Returns

President Trump recently signed into law the Tax Cuts and Jobs Act (“the Act”), most of which becomes effective for the 2018 tax year. Certain

Human Resources, Tax, Tax Reform
Schneider Downs Professional | 1.5.2018

Employee Withholding Changes in the New Year

Shortly after the tax bill was signed by President Trump, the Internal Revenue Service (“IRS”) issued a statement on December 26, 2017 indicating

International, Tax, Tax Reform
Schneider Downs Professional | 1.5.2018

IRS Issues Notice for Computing "Transition Tax"

On December 29, the Internal Revenue Service (IRS) and Treasury Department published Notice 2018-07 (Notice), providing guidance for computing the “transition

State and Local Tax, Tax, Tax Reform
Schneider Downs Professional | 1.4.2018

Pennsylvania Decouples from Federal Bonus Depreciation

In response to the recently enacted federal Tax Cuts and Jobs Act of 2017 (“The Act”), the Pennsylvania Department of Revenue (“Department”)

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