Tag: tax reform

CARES Act and Favorable Adjustments to Depreciation
CARES Act Provides Taxpayers with Flexibility to Make Favorable Adjustments to Depreciation

Tax planning opportunities for a limited time period in certain circumstances, as a result of…

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Changes to Meal and Entertainment Deductions
IRS Proposes Changes to Meals and Entertainment Deductions

Last week, the IRS issued proposed changes to the rules governing the deduction of business-related…

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IRS Proposes Regulations Limiting Public Company Deductions for Executive Compensation Over $1 Million

New IRS proposed regulations provide new info regarding executive compensation for privately held companies that are…

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2020 Payroll Tax Highlights

Payroll tax items for employers in 2020, including due dates and best practices to keep…

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Individual Tax Planning Tip: Use Donor-Advised Funds to Plan Charitable Donations

As individuals look for year-end planning opportunities to see benefits on their 2019 taxes, one…

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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 Remove Two-Year Deferral of Advance Payments for Inventoriable Goods

On July 11, 2019, the IRS and Treasury released final regulations removing Section 1.451-5 of…

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IRS Proposed Regulations for Opportunity Zones

Opportunity Zones is a tax reform provision that creates an attractive set of tax incentives…

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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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New Guidance to be Issued on Previously Taxed Earnings and Profits

Recently, the Department of the Treasury and the Internal Revenue Service issued Notice 2019-01. The Notice…

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