The Internal Revenue Service has announced that it plans to end the Offshore Voluntary Disclosure Program (“OVDP”) which has been […]
TAX REFORM: IRS Provides Guidance on Reporting Section 965 Tax Days Ahead of Filing Deadlines
IR-2018-53 was released the afternoon of March 13, two days prior to the March 15th tax filing deadline (https://www.irs.gov/newsroom/irs-provides-additional-details-on-section-965-transition-tax-deadlines-approach-for-some-2017-filers), providing […]
Bipartisan Budget Act of 2018 Extends Expired Tax Provisions
Bipartisan Budget Act of 2018 Extends Expired Tax Provisions The recently signed Bipartisan Budget Act of 2018 (the “BBA”) retroactively […]
TAX REFORM: New Limitations on Excess Business Losses under the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act (“TCJA”) imposes a new limit on the deductibility of business losses incurred by taxpayers […]
TAX REFORM: Deductibility of Meals & Entertainment Expenses Limited Under The Tax Cuts and Jobs Act
One provision of the Tax Cuts and Jobs Act (“TCJA”) that affects most businesses, regardless of form, is the additional […]
TAX REFORM: Revenue Procedure 2018-17: Exercise Caution in Changing Entity Year Ends in Light of US Tax Reform
There has much recent discussion in the marketplace concerning entities changing the taxable year to delay taxation under some of […]
