Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
December 24, 2017
Tax Planning Tips for Cutting 2017 Income Taxes – Tax Reform Edition
There’s still time left for you or your clients to cut their 2017 tax bills. The conventional tax wisdom at the end of the year is to pull in deductions to offset current tax liability and push off income to postpone tax payment. This takes on added ...
December 22, 2017
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.
December 20, 2017
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 ...
December 20, 2017
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 ...
December 20, 2017
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).
December 20, 2017
State-By-State Sales Tax Changes for 2018
2018 could be the year the Supreme Court of the United States reconsiders Quill Corp. v. North Dakota, 504 U.S. 298 (1992), the seminal ruling that prohibits states from taxing remote businesses without an in-state presence.
December 19, 2017
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 ...
December 19, 2017
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.
December 15, 2017
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 ...
December 7, 2017
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, ...
November 16, 2017
House Passes Tax Reform Plan – Senate Prepares for Fight
House Republicans approved their sweeping tax-cut package Thursday, setting up a showdown with the Senate, where Republicans are struggling to take a different approach.
November 7, 2017
How to Get Ready for 2018 Income Tax Season and Get a Fast Refund
The IRS urges all taxpayers to file a complete and accurate tax return by making sure they have all the documents before they file their return, including their 2016 tax return. This includes Forms W-2 from employers, Forms 1099 from banks and other ...