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
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
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 Interview: The New Code Sec. 199A Passthrough Deduction and Proposed Regulations (Part 1)
Last year’s Tax Reform created a new 20-percent deduction of
qualified business income for passthrough entities, subject to
certain limitations. The Tax Cuts and Jobs Act (TCJA) ( P.L.
Wolters Kluwer Interview: The New Code Sec. 199A Passthrough Deduction and Proposed Regulations (Part 2)
Wolters Kluwer recently spoke with Joshua Wu, member, Clark Hill
PLC, about the tax implications of the new Code Sec. 199A
passthrough deduction and its recently-released proposed
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