/Tag: business tax reform

IRS issues proposed regulations on the pass-through business income deduction

By |2018-08-31T18:10:20+00:00August 13th, 2018|Categories: Tax Cuts and Jobs Act, Tax Planning|Tags: , , , , , , , |

The IRS recently released highly anticipated regulations addressing the deduction for up to 20% of qualified business income (QBI) from pass-through entities. The deduction was a major component of the Tax Cuts and Jobs Act, which became law late last year. It has also been referred to as the pass-through deduction, the QBI deduction or [...]

Looming tax reform creates year end tax planning challenges

By |2017-10-26T18:45:12+00:00October 26th, 2017|Categories: News|Tags: , , , , , , , |

As the end of 2017 approaches, the prospect of dramatic tax reform could mean year end tax planning challenges for businesses. In late September, the Trump administration and Republican congressional leaders unveiled their Unified Framework for Fixing Our Broken Tax Code. The framework proposes reduced tax rates for businesses and changes to a variety of business [...]

UTPs reported in 2016 could be affected by business tax reform plans

By |2017-05-24T13:42:04+00:00December 7th, 2016|Categories: Tax Planning|Tags: , , , , , |

Navigating the tax code — and staying atop the latest tax law developments — can be challenging for business owners. In turn, financial reporting for uncertain tax positions (UTPs), such as pending IRS audits or lawsuits, is complicated and subjective. Here’s some guidance to help clarify matters. Applying the threshold Companies that follow U.S. Generally [...]

Show Buttons
Hide Buttons