Tag: tax reform

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Federal Tax Reform Opportunity Zones

The establishment of newly created Federal Opportunity Zones was added to the Internal Revenue Code…

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Net Operating Losses (NOLs) In the Wake of Tax Reform

Previously, business’s net operating losses could be carried back two (2) years and carried forward…

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Guidance on 529 Education Savings Plans
IRS Offers New Guidance on 529 Education Savings Plan Changes

Last week, the IRS and Department of Treasury issued Notice 2018-58 which provides new guidance…

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Global Intangible Low-Taxed Income
The GILTI Effect: Tax Reform and Global Intangible Low-Taxed Income

The Global Intangible Low-taxed Income (GILTI) is a new provision, enacted as a part of…

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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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The Impact of Tax Reform on Startup Equity
The Impact of Tax Reform on Startup Equity

Countless workers have been hit with surprise tax bills after they exercise options, the result…

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IRS Offers Limited Relief for the Section 965 Transition Tax

Section 965 generally imposes a transition tax on untaxed foreign earnings of certain foreign corporations…

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Tax Reform FAQ for Life Sciences
Tax Reform FAQ for Life Sciences

The Tax Cut and Jobs Act (TCJA) was the largest overhaul to the United States’…

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Tax Reform FAQ for Tech Companies
Tax Reform FAQ for Tech Companies

The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” (TCJA) represents…

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Tax Reform Moving Expense and Depreciation Changes
Tax Reform: Moving, Expense and Depreciation Changes

Last month, the IRS released Notice 2018-42 which provides information to taxpayers and employers about…

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