Taxpayer Implications Regarding Coronavirus: Examining Congressional Response...
U.S. Congress acts to help businesses and individuals As the spread of the Coronavirus COVID-19 starts to have a greater impact on the economy, U.S. Congress is taking some initial action to help...
View ArticleCCH Axcess IQ prioritizes impacted clients based on newest CFCs tax law changes
Analyzing the long list of clients impacted by a new tax legislation change can be a daunting task when new changes are introduced, such as the November 19, 2019 change for Related Persons and Active...
View ArticleQualified Opportunity Zones: Proposed Guidance Issued on Deferred and...
Wolters Kluwer Tax & Accounting explores the many issues with utilizing QOZs The Tax Cuts and Jobs Act (TCJA) created a new provision in the Internal Revenue Code to permit taxpayers to defer and,...
View ArticleWolters Kluwer Tax & Accounting Explores the Taxpayer First Act
The Taxpayer First Act legislation and its implications Enacted on July 1, 2019, the Taxpayer First Act is considered the most significant tax legislation focused on Internal Revenue Service (IRS)...
View ArticleFive new CCH Axcess iQ events prompt new service opportunities for your firm
With the increasing commoditization of compliance services, fewer people think they need a tax professional simply to prepare a return. Added to this, DIY tax software and gig-economy tax preparation...
View ArticleUse new tax events to help grow revenue and increase client satisfaction
The accelerating pace of regulatory change can leave tax and accounting professionals overwhelmed as well as confused about how to best to serve clients. However, the solution lies in the wealth of...
View ArticleWhy Your Tax Issues for 2018 May Not Be Over
Wolters Kluwer Reviews Remaining Issues for 2018 Tax Returns April 15 has come and gone. Taxpayers hopefully have either filed their returns, requested a filing extension, or are entitled to an...
View ArticleWhere You Retire Can Have a Taxing Effect
Wolters Kluwer Reviews State Tax Treatments of Retirement Benefits (NEW YORK, NY, March 13, 2018) — When contemplating locations for retirement, warm weather and proximity to family are likely top...
View ArticleThe Tax Cuts and Jobs Act of 2017 Opens New Tax Planning Revenue Opportunities
Tax Season 2018 is in full swing, and tax and accounting professionals across the country are extremely busy. They’re sifting through source documents, interviewing clients, keeping staff motivated,...
View ArticleSo you thought you were done with your Fixed Assets?
Well, think again… The end of the year brought a whirl-wind of change. And for corporate tax and accounting professionals it may have created more changes than were bargained for. There are some key...
View ArticleSenate Approves Sweeping Tax Reform Bill; Conference Committee Next
The Senate has passed its amended version of the Tax Cuts and Jobs Bill (HR 1). Thus, the prospects for a major year-end tax reform bill reaching the President’s desk have improved significantly. The...
View ArticleWhat Now for the Affordable Care Act?
The Republican seven-year effort to repeal the Affordable Care Act (ACA) finally seemed likely to become successful this year with the election of a Republican President in 2016 and retention of...
View ArticleTemporary Transportation Funding Extension Enacted with Tax Provisions
On July 31, 2015, the President signed The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (P.L. 114-41). The legislation provides a three month funding extension for the...
View ArticleCongress Passes Pacific Trade Legislation with Tax Provisions
Congress, on June 24, 2015, passed the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (HR 2146). The legislation permits penalty-free withdrawals from qualified retirement...
View ArticleHouse Passes Public Safety Officers Retirement Provision as Part of Trade...
The House, on June 18, 2015 passed the Trade Priorities and Accountability bill of 2015 (HR2146) by a vote of 218 to 208. The tax provision in the legislation would allow federal law enforcement...
View ArticleHouse Passes Repeal of Medical Device Tax
The House, on June 18, 2015, passed the Protect Medical Innovation Bill of 2015 (HR 160) by a vote of 280 to 140. The legislation would repeal the medical device excise tax, originally enacted as part...
View ArticleHouse Passes Series of Tax Bills
The House, during the week ended April 17, 2015, passed a series of tax bills: H.R. 622, passed on April 16, would permanently extend the state and local sales tax deduction. H.R. 709, passed on April...
View ArticlePresident Signs Extenders Legislation
December 19, 2014 – Following Congressional passage of the Tax Increase Prevention Act of 2014 (H.R. 5771) on December 16, 2014, the President signed the legislation on December 19, 2014. December 19...
View ArticleCongress Passes Extenders Legislation
Following the House vote on December 3, 2014, the Senate on December 16, 2014, by a vote of 76 to 16, passed the Tax Increase Prevention Act of 2014 (H.R. 5771), an extension of a number of provisions...
View ArticleHouse Passes Extenders Bill
On December 3, 2014, by a vote of 378 to 46, the House passed H.R. 5771, an extension of a number of provisions that had expired at the end of 2013. The extension is just for one year, through 2014....
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