Income Tax
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Taxbit Unveils New Global Tax Reporting Platform
April Launches New Tax Filing Solution to Tackle Complex Financial Situations
Sovos Introduces 1099 Professional For SMBs
Vero AI Launches Iris GRC
President Trump Signs New Income Tax Law into Effect – New Brackets and Deductions for 2018
After the new tax reform law passed both the House and Senate, there was discussion about holding off the signing until the first week in January. Now, however, the President says he will stick by his Christmas pledge.
President Trump May Wait Until January to Sign New Tax Reform Law
Generally, the provisions in the TCJA take effect on January 1, 2018. Most of the provisions affecting individuals are temporary and “sunset” after 2025, while the majority of business provisions are permanent. Following is a rundown on some of the ...
Tax Reform Bill Passes Congress, Heads To President Trump
When enacted, the bill will be effective for the 2018 tax year and beyond. That means most taxpayers will not see the changes of the new law for about a year, when they file their 2018 taxes in April of 2019, although wage earners may see ...
When Will Trump Tax Reform Take Effect? Average Worker May Get Extra $38 Per Paycheck
People who work a "regular" job, and have taxes withheld from their paychecks, will likely see a change in their federal income tax withholding. For a taxpayer who gets a $1,000 tax cut, this could mean an extra $38 or so per paycheck (if paid biweekly).
Congress Has to Revote on 2018 Tax Reform Bill – 3 Provisions Removed From Bill
The bill initially hit a snag after the first vote, because the Senate Parliamentarian determined that three provisions in the bill may have violated Senate rules. The House is expected to revote on the bill on Wednesday morning. The Senate is ...
2018 Tax Reform Bill Passes House, Heads to Senate
The House of Representatives passed the Tax Cuts and Jobs Act on Tuesday, the biggest change to tax laws since 1986. The bill passed on a mostly party line vote and now heads to the Senate where it is expected to see a close vote.
Tax Reform: House and Senate Reach Deal
House and Senate Republicans have agreed to a new tax reform bill – the Tax Cuts and Jobs Act – by ironing out their differences in conference. Now the measure faces a vote in Congress before it can become law. As expected, the final version of the ...
Tax Reform Bills Full Of Errors and Confilcts
The new tax reform bills that passed the House and Senate were built on the “need for speed.” Both versions were rushed along in the hopes of a final measure arriving on the president’s desk before Christmas. But haste makes waste and, in this case, ...