Tax practitioners talk about the lessons clients are still learning about the Tax Cuts and Jobs Act.
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Tax Practice
May 5, 2020
Upcoming Events May 5, 2020
Reform school: Has the second season of the TCJA been easier?
By Jeff Stimpson      3 min read
Tax practitioners talk about the lessons clients are still learning about the Tax Cuts and Jobs Act.
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Inside the coronavirus-related employer tax credits and penalty relief
By Mark Watson     4 min read
There's a great deal of help for businesses in the CARES Act and the FFCRA.
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IRS taking applications for 2021 Low-Income Taxpayer Clinic grants
By Jeff Stimpson     2 min read
The deadline for submissions is June 16, 2020.
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Trump finds skeptics instead of allies for prize payroll tax cut
By Laura Davison     4 min read
President Donald Trump has fixed his sights on getting a payroll tax cut in the next coronavirus stimulus bill, but it’s unclear whether he can get Republicans — much less Democrats — to go along with such a high-cost item that likely would have only a modest impact on the economy.
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Trump pursues payroll tax cut as GOP, Democrats look elsewhere
By Laura Davison     4 min read
A big cut in the payroll tax is high on President Donald Trump’s wish list for the next coronavirus response bill, but the idea is getting the brushoff from newly cost-conscious Republicans and Democrats who would rather send aid to people who aren’t getting a paycheck.
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Rich Americans seize historic chance to pass on wealth tax-free
By Ben Steverman     3 min read
Rich Americans are taking advantage of an unprecedented opportunity, made possible by the coronavirus pandemic, to transfer money to their children and grandchildren tax-free.
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IRS denies deductions for forgiven paycheck protection loans
By Laura Davison     1 min read
Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.
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How firms can effectively respond to coronavirus
By Lee Frederiksen     3 min read
As if tax season isn’t already stressful enough, the coronavirus pandemic is making things that much harder.
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Tax Fraud Blotter: Artful dodger
By Jeff Stimpson     4 min read
Red-handed; marina fees and airline tickets; similar patterns; and other highlights of recent tax cases.
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Wealthy shielded billions with Trump tax break before coronavirus pandemic
By Noah Buhayar     1 min read
Just before the coronavirus roiled the economy, wealthy investors piled into funds that take advantage of a popular, two-year-old tax break meant to help poor communities.
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