Category: Emerging Articles

The Department of Labor Proposes Updated Overtime Rule

There’s been much upheaval over the overtime exemption rule since the last one went into effect in 2004. The Department of Labor has issued a proposed update to the rule, but it’s unclear if it…

2019 Tax Calendar

  To help you make sure you don’t miss any important 2019 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us…

IRS Provides QBI Deduction Guidance In The Nick Of Time

When President Trump signed into law the Tax Cuts and Jobs Act (TCJA) in December 2017, much was made of the dramatic cut in corporate tax rates. But the TCJA also includes a generous deduction…

IRS Waives 2018 Underpayment Tax Penalties For Many Taxpayers

The IRS has some good news for certain taxpayers — it’s waiving underpayment penalties for those whose 2018 federal income tax withholding and estimated tax payments came in under their actual tax liabilities for the…

Federal Government Shutdown Creates Tax Filing Uncertainty

The IRS has announced that it will begin accepting paper and electronic tax returns for the 2018 tax year on January 28, but much remains to be seen about how the ongoing shutdown of the…

IRS Issues Proposed Regs On Business Interest Expense Deductions

In April 2018, the IRS released temporary guidance on the amended limit on deductions for business interest expense for tax years beginning in 2018. Taxpayers were allowed to rely on that guidance while waiting for…

Watch out for tax-related identity theft scams all year long

With the filing date for 2017 in the rearview mirror for most businesses and individuals, the last thing they probably want to think about is income taxes. Unfortunately, though, criminals who commit tax-related identity theft…

EMERGING TAX AND REGULATIONS ALERT FEBRUARY 14, 2018

  The ink on the Tax Cuts and Jobs Act (TCJA), which swept in a tidal wave of changes to federal tax rules, had been dry for only seven weeks before Congress passed more legislation…

EMERGING TAX AND REGULATIONS ALERT JANUARY 29

IRS issues updated 2018 withholding tables In the wake of passage of the Tax Cuts and Jobs Act (TCJA) late last year, the IRS has taken one of the first critical steps to institute the…