Federal Tax Headlines

A real estate developer could not deduct a portion of his S corporation’s losses because there was no debt between the S Corp and the…

Legislation to reform the IRS could make changes for the filing of tax returns and statements if enacted later this year. The bipartisan legislation aims…

The Taxpayer First Act making its way through Congress includes an identity theft bill that would require the IRS to act when someone makes unauthorized…

The IRS has released the much anticipated second round of proposed regulations for tax reform’s Opportunity Zone (OZ) program. The bipartisan OZ provision enacted under…

The American Institute of Certified Public Accountants (AICP) believes that the definition of interest in IRC Section 163(j) proposed regulations is too broad and should…

Taxpayers surprised this filing season that they could not claim certain tax breaks may find relief for their 2018 returns from federal tax extender legislation.…

Republicans’ 2017 overhaul of the tax code created a new Section 199A 20-percent deduction of qualified business income (QBI). This new Section 199A QBI deduction,…

401(k) plans may go through several changes if the bills known as the SECURE Act and RESA make it through Congress. The retirement savings legislation…