President Donald Trump signed H.R. 1, the Tax Cuts and Jobs Act legislation, thereby making it law.
House and Senate conferees agreed to legislative language of a tax reform bill that is expected to be voted on by Congress next week.
In the early hours of Saturday morning, the U.S. Senate passed its version of the Tax Cuts and Jobs Act bill by a vote of 51–49.
The Disaster Tax Relief and Airport and Airway Extension Act of 2017 provides tax relief to victims of Hurricanes Harvey, Irma, and Maria.
The version of the tax reform bill passed by the Senate Finance Committee holds several more changes affecting both individuals and businesses.
The U.S. House of Representatives passed the Tax Cuts and Jobs Act bill, H.R. 1, by a vote of 227–205.
The revised chairman’s mark of the Senate tax reform bill contains many significant changes to the proposed legislation.
The committee voted to send an amended version of the Tax Cuts and Jobs tax reform bill to the full House.
Differences include tax rates, treatment of various deductions and a delay in the reduction of the corporate tax rate.
The House’s tax reform bill would make many changes to the taxation of US companies’ foreign subsidiaries.
The House tax reform bill contains a large number of proposed changes that would affect businesses.
From new tax rates to fewer deductions, credits, and exclusions, the tax reform bill released by the House would have wide-ranging effects on the taxation of individuals.
The Tax Cuts and Jobs Act released by the House Ways and Means Committee incorporates many of the provisions listed in the Republicans’ September tax reform framework while providing new details.
The 2017 appropriations bill passed by Congress includes $11.2 billion for IRS operations and enforcement. But it also includes specific directives prohibiting certain IRS conduct.
The 2017 filing season will involve new due dates, a result of years of advocacy by the profession.
Taxing authorities have sought to incorporate adequate lead time into the tax filing process.
Congress passed the Trade Facilitation and Trade Enforcement Act of 2015, making permanent the moratorium on states and localities taxing Internet access.
This column provides a summary of the bills enacted last year that included tax changes.
The Consolidated Appropriations Act extends an extensive list of expired tax provisions, some permanently, some for five years, and many for two years, through 2016.
Passports can be denied to any person whom the IRS certifies as having seriously delinquent tax debt.