Posts by John Antonelli II

Businesswoman driving car
Simplifying the Taxation of Employees’ Personal Use of Company Vehicles

Personal use of a company vehicle generally results in taxable wages for the employee. But…

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Final Regulations of Section 199A

On January 18, 2019, the Department of the Treasury (Treasury) and Internal Revenue Service (IRS)…

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Pass-Through Deduction Details Clarified by IRS/Treasury

Recently, the IRS and Treasury Department issued proposed regulations for a new provision which allows…

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10 Things to Know About Tax Reform Changes to Deductibility of Executive Compensation

On August 21, the IRS issued Notice 2018-68 to provide further guidance on certain changes…

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Proposed Bonus Depreciation Regulations Enacted by Tax Reform

The new regulations were published in the Federal Register on August 8, and address such…

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AICPA Recommendations for Small Business Accounting Method Changes
AICPA Seeks Clarification Re: Small Businesses Coping with Accounting Methods Changes

Under the Tax Cuts and Jobs Act, small business taxpayers – defined as those with…

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Section 199A Deduction for Qualified Business Income & Domestic Production Activities

The corrections to Section 199A are a result of an inadvertent benefit provided to certain…

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Oversimplification in Target Date Funds
Oversimplification Endangers Retirement Savings

Since the Pension Protection Act of 2006, target date funds (TDFs) have increasingly found their…

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money with a graph overlay
Tax Reform and Deduction of Qualified Business Income of Pass-Through Entities

On Friday, December 22, President Trump signed sweeping tax reform (the “Act”) into law. The…

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FICA Taxation of Nonqualified Deferred Compensation Plans
FICA Taxation of Nonqualified Deferred Compensation Plans

As payroll departments prepare for year-end reporting, it may be useful to review two IRS…

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