TAXATION



Understanding the New Kiddie Tax
 

Understanding the New Kiddie Tax

Posted: November 8, 2018
The new tax law has made significant changes to the kiddie tax. Here's how the tax is determined under those rules.

The New QBI Deduction is Finally Clearer
 

The New QBI Deduction is Finally Clearer

Posted: November 6, 2018
Recent proposed regulations on the Sec. 199A qualified business income deduction contain mostly good news for taxpayers, providing clarity and permitting many businesses to qualify for this important provision.

Do You Have the Skills to Benefit From the TCJA?
 

Do You Have the Skills to Benefit From the TCJA?

Posted: November 2, 2018
The Tax Cuts and Jobs Act (TCJA) may represent the biggest current growth opportunity for your firm, but it’s going to take some hard work on your part to reap the rewards.

401(k), IRA Contribution Limits to Increase
 

401(k), IRA Contribution Limits to Increase

Posted: November 1, 2018
The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.



Highlights of Tax Reform for Businesses
 

Highlights of Tax Reform for Businesses

Posted: October 10, 2018
The Tax Cuts and Jobs Act included a few dozen tax law changes that affect businesses. Most of the changes in the new law take effect in 2018 and will affect tax returns filed in 2019.

IRS Issues Guidance on Business Meal Deductions
 

IRS Issues Guidance on Business Meal Deductions

Posted: October 3, 2018
Taxpayers may continue to deduct 50 percent of the cost of business meals if the taxpayer (or an employee of the taxpayer) is present and the food or beverages are not considered lavish or extravagant.

The Federal Taxation Interest Group provides an open forum to discuss and educate members on Federal taxation issues, both domestic and international. 

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