Congress, by the Tax Cuts and Jobs Act of 2017 (hereinafter "TCJA"),1 made a number of changes to the income tax rates applicable to individuals and profits of businesses conducted both in corporate and non-corporate form. Elsewhere, in an article entitled Advancing to Corporate Tax ...
The law changed the measure ofinflationused fortax indexing. The IRS' use of theconsumer price index for all urban consumers (CPI-U)was replaced with thechain-weighted CPI-Uwhich accounts for changes consumers make to their spending habits in response to price shifts, so it is considered more...
Nearly everyone in America is affected by the changes but the effects you feel will depend on your personal and business situations. Passing the Tax Cuts and Jobs Act President Donald Trump signed the TCJA into law on Dec. 22, 2017. It cut individual, corporate, andestate taxrates.1 ...
International Compliance Form Changes tax reform Authors: Raymond Wynman, Mike Tighe, and Andrew Wai We are all in for an interesting 2018 tax compliance season — new forms, changes to old forms, international tax uncertainties, and an almost certain new batch of e-file errors are just some...
Virtually All Taxpayers Are Affected by Changes in the Tax Reform Bill The Tax Cuts and Jobs Act (TCJA) was passed into law at the end of 2017 and made changes that affect all kinds of taxes – individual, corporate, partnership and other “passthrough” business entities, estate, and even...
Border-adjusted taxes as the international corporate method of taxation was just something that had never been road-tested truly in that form. That was just too much to overtake. Congress likes incremental changes, especially in tax, and there were just too many question marks to make it politi...
Now, businesses are dealing with expiring tax provisions, further changes such as the corporate book minimum tax, and the rollout of Pillar Two implementation. All of these significant developments and businesses’ responses to them continue to have a major impact on state taxation. Five years ...
Now, the cap has not been entirely well loved by lawmakers in either party. Almost immediately after the TCJA was passed, lawmakers from high-tax states began to propose changes to it. And then states created their own workarounds to appease taxpayers. ...
It also provides a large new tax deduction for owners of pass-through entities and significantly increases individual AMT and estate tax exemptions. And it makes major changes related to the taxation of foreign income. Learn more about the TCJA by accessing the resources below. Armanino will keep...
We examine the impact of changes in the federal tax treatment of owner-occupied housing stemming from the implementation of the Tax Cuts and Jobs Act (TCJA... W Li,E Yu - 《Review of Economic Dynamics》 被引量: 0发表: 0年 The consequences of the 2017 US international tax reform: a su...