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The Internal Revenue Service and the Treasury have proposed regulations updating the income tax withholding rules to reflect the changes in the Tax Cuts and Jobs Act, the recently redesigned Form W-4 and the IRS’s new Tax Withholding Estimator.
| IRS proposes update to income tax withholding rules | | By Michael Cohn 3 min read
| | The Internal Revenue Service and the Treasury have proposed regulations updating the income tax withholding rules to reflect the changes in the Tax Cuts and Jobs Act, the recently redesigned Form W-4 and the IRS’s new Tax Withholding Estimator. | |
| White House proposes folding PCAOB into SEC by 2022 | | By Michael Cohn 2 min read
| | The White House’s latest budget blueprint proposes consolidating the functions and responsibilities of the Public Company Accounting Oversight Board into the Securities and Exchange Commission starting in 2022. | |
| SPONSOR CONTENT | | Seeing “20/20” in 2020 | | What do the recent Accounting Standards Updates mean for your business? | |
| 5 most overlooked expenses in R&D credits | | By Jamie Overberg
| | Each year, corporations and pass-throughs across industries fail to claim R&D tax credits because they aren’t aware that many day-to-day activities qualify for this dollar-for-dollar reduction in income tax liability. | |
| IRS lets taxpayers use cash, but few people do | | By Michael Cohn 3 min read
| | The Internal Revenue Service introduced a new payment option in 2016 that lets individuals pay their taxes with cash at participating retail chains, but less than 700 payments have been made each year since the option was made available, according to a new report. | |
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