Charles Rettig Confirmed as New IRS Commissioner
Charles P. "Chuck" Rettig was confirmed as the new IRS
Commissioner on September 12. The Senate confirmed the nomination
by a 64-to-33 vote. Rettig received both Democratic and Republican
su...
Reaction: Proposed IRS Regs Would Curb SALT Cap Workarounds
New IRS guidance aiming to curb certain state and local tax (SALT)
deduction cap "workarounds" is the latest "hot
topic" tax debate on Capitol Hill. The IRS released proposed
amend...
IRS Proposes to Remove Section 385 Documentation Regulations
The IRS has proposed to remove the Code Sec.
385 documentation regulations provided in Reg. §1.385-2.
Although the proposed removal of the documentation rules will apply
as of the ...
Wolters Kluwer Projects 2019 Inflation Amounts
Wolters Kluwer has projected annual inflation-adjusted amounts for
tax year 2019. The projected amounts include 2019 tax brackets, the
standard deduction, and alternative minimum tax amounts, among
ot...
All eyes on tax reform in 2017
Congress ended 2016 passing a few targeted tax bills and lawmakers
focused on the incoming Trump administration and tax reform in
2017. President-elect Donald Trump campaigned on tax cuts for
individu...
Major tax changes expected under Trump Administration
One month after the presidential election, taxpayers are learning
more about President-elect Donald Trump’s tax proposals for his
administration. Although exact details, including legislative la...
