The Internal Revenue Service has released a set of proposed regulations for businesses to follow when deducting meals and entertainment, in response to the 2017 tax overhaul. | Supreme Court vacates tax refund awarded to bank in bankruptcy case | | By Roger Russell 3 min read | | The Supreme Court vacated and remanded Tuesday an appeals court decision that found under federal common law, a tax refund due from a joint tax return generally belongs to the company responsible for the losses that form the basis of the refund, rejecting a nearly half-century-old precedent. | |
| The 10-second rule | | By Kyle Walters 4 min read | | If you find yourself talking for more than 10 consecutive seconds during a client meeting, stop and ask the client an open-ended question, and give them ample time to respond. | |
| SPONSOR CONTENT | | Podcast: Tax Rules Just Got A Lot More Complicated | | On the surface, 199A and 163(j) seem pretty straightforward but looks can be deceiving. The 2017 Tax Cuts and Jobs Act raises thorny new questions for even the simplest pass-through entities. | |
| IRS faces challenges with business tax provisions of TCJA | | By Michael Cohn 3 min read | | The Internal Revenue Service is confronting challenges with administering and ensuring compliance with the business provisions of the Tax Cuts and Jobs Act, although it has made a considerable amount of progress in implementing them, according to a new government report. | |
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