Will tax reform make C corps. more attractive for closely held businesses?
Tax reform is expected to reduce the tax rates imposed on C corporations’ taxable income, giving closely held businesses a significant reason to consider converting.
Tax Reform
Proposed budget contains tax reform provisions and would authorize regulation of tax return preparers
President Donald Trump’s proposed FY 2018 budget includes a new proposal to give the IRS authority to regulate paid tax return preparers.
Trump administration explains tax reform proposals
Key features include a large reduction in the corporate tax rate, fewer and lower tax brackets for individuals, and a repeal of the estate tax and the alternative minimum tax.
Tax reform: Accounting method opportunities
Accounting method planning that accelerates deductions or defers revenue could provide corporations with the potential to take deductions at the current rate and recognize revenue at a proposed lower rate.
Potential merger incentives resulting from proposed tax reform
The House Blueprint, if enacted, may provide incentives for certain taxpayers to merge in the future.
President’s budget includes tax proposals and regulation of return preparers
President Donald Trump’s proposed FY 2018 budget includes a new proposal to give the IRS authority to regulate paid tax return preparers.
Trump’s tax reform priorities unveiled
Key features include a large reduction in the corporate tax rate, fewer and lower tax brackets for individuals, and a repeal of the estate tax and the alternative minimum tax.
Tax reform is likely to curtail some credits and incentives
This item discusses several popular tax credits and incentives and their potential future in light of tax reform proposals.
Will “A Better Way” for a Confident America Lead to Tax Reform?
House Republicans issued a 35-page tax plan “Blueprint” promising to “deliver a better way on tax reform."
House Republicans Offer ‘A Better Way’ for Taxes
This article summarizes and critiques the latest significant proposal for reform.
Tax Reform: Beyond Lowering Income Tax Rates
This column offers suggestions for comprehensive and meaningful tax reform.
CPAs Helping Guide Tax Administration and Affecting Tax Policy
As it works through a long list of priorities and plans for its “future state,” the IRS should look to CPAs, who based on their experience can provide a unique viewpoint.
AICPA Tax Advocacy Members Go to Washington to Urge IRS Improvements
Meeting intended to urge IRS to provide more responsive and modern service to taxpayers and practitioners.
Ways to Make Tax Compliance Less of a Nightmare for Small Business
Troy Lewis, chair of the AICPA’s Tax Executive Committee, testified in favor or the Mobile Workforce State Income Tax Simplification Act.
Changes in Tax Legislation in 2015: Lots of Them!
This column provides a summary of the bills enacted last year that included tax changes.
IRS Temporary Regulations Eliminate the Automatic 30-Day Filing Extension for Forms W-2
Employers will be allowed only a single, nonautomatic 30-day extension of the filing due date for the Form W-2 series.
Former Rep. Dave Camp Advocates Tax Reform to Help U.S. Economy
The former representative said tax reform is still needed to grow the U.S. economy and improve its global competitiveness.
Lower Tax Rates, Territorial Regime Are Still Priorities, Former Ways & Means Chair Tells AICPA
Former Rep. Dave Camp highlighted for the AICPA the key issues that should remain a major focus of broader tax reform efforts.
Tax Reform: Challenges of Broadening the Tax Base
For the past few years, the emphasis has been on lowering tax rates and broadening the base for revenue-neutral, comprehensive tax reform.
Highway Trust Fund in the Tax Reform Spotlight
Financially troubled since 2001, the Highway Trust Fund might get more than its typical Band-Aid fix with a proposed new funding source that could also kick off comprehensive tax reform.
