Aftermath of the TCJA
The Tax Cuts and Jobs Act (TCJA), signed in the waning days of 2017, is the biggest single piece of federal tax legislation to be enacted in more than three decades. Accordingly, it has taken a while for the changes to shake out, but certain questions still remain. In addition, taxpayers and practitioners alike have been surprised by some unexpected results. This series focuses on several of these key aspects.
Article
Aug 8th 2019
This article is an analysis of what was promised when the Tax Cuts and Jobs Act was enacted compared with what has actually happened to...
Article
With great fanfare, the Tax Cuts and Jobs Act (TCJA) eliminated deductions for business entertainment expenses, beginning in 2018. But, not...
Article
Despite its innocuous-sounding name, the “kiddie tax” is anything but child’s play, as both taxpayers and practitioners can attest. This...
Article
The new Section 199A deduction has led to considerable confusion and uncertainty among taxpayers and practitioners alike. At least new...
Article
The Tax Cuts and Jobs Act (TCJA) combines powerful enhancements for the Section 179 “expensing” and “bonus” depreciation deductions. That’s...
Article
To paraphrase Mark Twain, the reports of the death of the marriage penalty are greatly exaggerated. Although the Tax Cuts and Jobs Act (...
Article
Before the Tax Cuts and Jobs Act (TCJA), most moderate-to-high-income taxpayers itemized deductions on Schedule A, rather than claiming the...
Any answers
Have you been experiencing an uptick in demand for your work because of the new tax law? Have you been setting higher rates for your...